Q1 2024's Top Story: Spot Bitcoin ETFs Thrive

2024 is nearly a third of the way through, but the most significant story may already stand out. That’s because 2024 kicked off with the arrival of spot Bitcoin ETFs, the long awaited route into Bitcoin exposure. For the first time, investors can get easy, near direct exposure to the leading cryptocurrency via the increasingly popular wrapper.

Spot Bitcoin ETFs Arrive

That story dominated the conversation at this year’s ETF Exchange Conference in Miami, Florida. Firms from Bitwise Asset Management to Grayscale to Franklin Templeton have all dived in with spot Bitcoin ETFs.

The New York Stock Exchange’s host of NYSE Floor Talk, Judy Shaw, sat down with leaders from each to discuss, with the advantages of the ETF wrapper a key theme. ETFs have exploded in popularity thanks to their tax efficiency, transparency, and tradeability.

“We’re here today to talk uniquely about accessing Bitcoin through a … low cost wrapper we’re all accustomed to. That’s the ETF,” said Johnny Garcia, Bitwise Asset Management director and head of ETF capital markets.