MACROECONOMICS

Spot Bitcoin ETF: efforts from "virtual money" to get closer to the definition of "currency"

History of cryptocurrency development. Why is the official listing of spot Bitcoin ETF a major breakthrough?

In the past week, market attention has been focused on the event where the US Securities and Exchange Commission (SEC) approved the official trading of 11 spot Bitcoin ETFs on centralized exchanges. Impressive figures on spot Bitcoin ETF demand and public interest have flooded financial media outlets. Some notable figures from the first day of listing for the 11 spot Bitcoin ETFs are quite impressive:

Total trading value of 11 spot BTC ETFs on the first day (01/11) reached > USD 4.3 billion.

 Trading volume for the ticker alone reached USD 2.09 billion.

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