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January 2024 Has Been A Banner Year for Bitcoin Investing

2024 has been an incredible year for #bitcoin investing already.

On January 10th, 2024, the U.S. Securities and Exchange Commission's approved Bitcoin Exchange Traded Funds (ETFs). This approval will permit the trading of spot Bitcoin exchange-traded funds (ETFs). The SEC has approved 11 spot Bitcoin ETFs from a number of large asset managers including BlackRock, ARK Invest, Fidelity, and VanEck. Coinbase serves as the custodian for most of the issuers.

For many investors, the approval of the Bitcoin ETFs will be their first introduction to Bitcoin. For those of us who have been in the industry for some time now --this approval of the Bitcoin ETFs is a long awaited stamp of approval and credibility from the traditional financial markets. A stamp that took 15 long and painful years to earn. Previously, the SEC had rejected Bitcoin ETFs over fears of market manipulation vulnerability.

This is a new beginning, a fresh new start for Bitcoin, free from the negative narratives that plagued Bitcoin in the past. This approval will be a game-changer for Bitcoin since it will allow millions of users to gain exposure to Bitcoin without holding the asset. This is expected to have a positive impact on Bitcoin's price.

U.S. investors have never had this many options to gain low-friction exposure to #Bitcoin. To finish off an amazing month for Bitcoin investing, GRIID, an American, low-carbon focused bitcoin-mining company announced their listing on the Nasdaq on January 29, 2024. Griid's listing offers U.S. investors yet another high-quality and easy proxy to Bitcoin. Now that is a win-win for the Bitcoin ecosystem and for the environment.

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