It may feel like ages ago in a fast-paced crypto industry, but this year’s launch of spot ETFs for Bitcoin and Ethereum—in January and July, respectively—ushered in a seismic shift for the crypto industry.

Spot Bitcoin ETFs have attracted mountains of cash, and have enabled investors to gain exposure to BTC without the hassle of managing private keys. They have also lent legitimacy to the asset on Wall Street. Meanwhile, spot Ethereum ETFs validated the asset’s regulatory status. And despite a subdued debut, they have gained momentum in recent weeks and potentially opened the door to similar products for Solana and XRP in the U.S.

When Bitcoin ETFs began trading in January, the price of BTC clocked in at $46,000. Nearly a year later, the asset’s price has more than doubled. It even breached <

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Author: André Beganski