The approval and launch of spot Bitcoin ETFs in 2024 marked a significant milestone, amassing $129 billion in total net assets by year's end. These financial products, which hold actual Bitcoin, offer a regulated and tax-efficient investment option, contrasting with traditional futures-based ETFs which have seen declining interest. The new spot Bitcoin ETFs generated remarkable trading volumes, with the IBIT fund achieving $37.2 billion in inflows, competing with long-established ETFs such as Vanguard’s and State Street’s products. Bitcoin ETFs have even surpassed gold ETFs in popularity, reflecting investors' preference for digital assets. Interest in spot Bitcoin ETFs remains robust into 2025, accompanied by speculation about potential approval of other crypto ETFs, such as those for Solana and Ripple. Notably, the change in leadership at Vanguard may signal a shift toward entering the crypto market. This could further invigorate the sector as Bitcoin’s status as a legitimate asset solidifies.

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