Abstract:
ETFs showed a growing trend since thier first introduction in the market in 2009. Despite the risks they bear, their features make them an appealable instrument for investors, especially for the variety of underlyings they replicate and the returns they provide. The approval of spot Bitcoin ETFs by the SEC in January 2024 was followed by a significant inflow of capital and boosted the price of Bitcoin. It represents an historical event for financial markets and it might be the first step for the acceptance of cryptocurrencies by institutions around the world.
