Bitcoin

Ethereum

<p>It&#39;s been almost a month and a half since spot exchange-traded funds based on the first <a href="https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023" rel="noopener noreferrer nofollow">cryptocurrency were approved</a>. And what do we see? ETFs are slowly moving the cryptosphere towards mass adoption! Let&#39;s get to the bottom of it all!</p><p>Related: <a href="https://hodl.fm/spot-bitcoin-etf-january-2024" rel="noopener noreferrer nofollow">What Does Spot Bitcoin ETF Mean for Investors?</a></p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/043edd265b22420ba0686a8138a2d274.gif" /></p><h2 id="header-0">US Market Rules Now</h2><p>Picture this: Europe doesn&#39;t rule anymore! Trading Bitcoin on American cryptocurrency exchanges has become easier than on the largest exchanges on the European continent (which are often <a href="https://www.cnbc.com/2023/12/31/state-of-crypto-regulation-in-2023-eu-laws-approved-but-us-is-top-cop.html" rel="noopener noreferrer nofollow">not allowed to operate </a>in the United States). All of this can be explained by the influence of new national exchange-traded funds on the crypto world, which they are slowly moving into.</p><p>And we have gotten to the point where, compared to the previous year, American trading platforms now account for almost half of the buy and sell orders within 2% of the average Bitcoin price this year. This is all just since the adoption of ETFs!</p><p>Oh, these…</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/2d47651a275244e3af3e4b6fa46017e6.gif" /></p><p>According to BitMEX Research, last week the total value of spot exchange-traded Bitcoin funds in the U.S. increased by $2.3 billion. iShares Bitcoin ETF from BlackRock (well, who else) provided.</p><h2 id="header-1">READ MORE ON <a href="https://hodl.fm/spot-bitcoin-etfs-mass-adoption" rel="noopener noreferrer nofollow">HODL</a></h2>

Turns Out Bitcoin ETFs Matter!

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