Wall Street Welcomes the Arrival of Bitcoin ETFs
Feb 9, 2024
Spot bitcoin exchange-traded funds (ETFs) have finally made their debut on Wall Street after significant delays. BlackRock’s IBIT has emerged as the fifth largest ETF by inflows this year, signalling the increasing acceptance and demand for bitcoin ETFs. With predictions suggesting potential meteoric growth in ETF valuations by the end of the year, it's clear that bitcoin ETFs are establishing themselves in the market. The launch of these ETFs raises questions about how Wall Street will navigate bitcoin exposure and whether mainstream investors will embrace it.