On the 10th January 2024, something happened that will definitely go down in Bitcoin’s history as an inflection point. It was the day that the SEC approved not one, not two, but eleven Spot Bitcoin ETF applications!

The Spot Bitcoin ETF Applicants

BlackRock
The world’s largest asset manager with over $9.3 trillion in assets under management. When they applied for the spot bitcoin ETF, they brought not just their reputation, but also an amazing track record of ETF approvals. With the approval of the Bitcoin ETF, their record now stands at 576-1. Amazing. In fact, the odds against a spot bitcoin ETF approval was actually pretty low, until BlackRock came into the picture. Fidelity
With $4.3 trillion in AUM, Fidelity was another big player to put their hat in the ring late in 2023. Grayscale
Grayscale came into the ETF picture with a huge advantage. They were already running a Bitcoin Trust (GBTC),...