In January 2024, the U.S. Securities and Exchange Commission approved 11 spot bitcoin ETFs, significantly validating the cryptocurrency market and enhancing its regulatory landscape.
The approval of spot bitcoin and ether ETFs represents a pivotal development in the financial markets, offering a more direct and transparent way for institutional investors to gain exposure.
Canada's five largest banks have increased their allocations to bitcoin and ether ETFs, indicating a growing institutional interest and commitment to these digital assets.
As reported, the State of Michigan Retirement System became the first state pension to invest in an ether ETF, showcasing the widening adoption of cryptocurrencies by traditional finance.
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