Cryptocurrencies have already achieved a significant investment milestone in 2024. In early January, the US Securities and Exchange Commission SEC approved tradable ETFs to track Bitcoin, a decision coming just months after the court of appeals in Washington ruled against the SEC’s decision for rejecting Grayscale Investment’s proposed Bitcoin ETF application.
Previous Bitcoin ETFs were only linked to futures contracts rather than spot pricing. And in another move this week, the UK's Financial Conduct Authority FCA said it wouldn't object to a UK listed market for cryptoasset-backed Exchange Traded Notes ETNs.
In 2023, the globally renowned digital currency surged more...
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