By all accounts, crypto is at a crossroads. Across markets, the legal and regulatory landscape, and the Web3 startup ecosystem, there’s little disagreement among industry leaders that 2024 could shape up to be one of crypto’s most consequential years yet. Whether those events will finally lift the industry out of winter to new highs, or imperil it, remains another question.

But do not panic, dear reader. While nothing about the future can ever be certain—least of all when it comes to crypto—Decrypt has spoken to analysts across finance, policy, and the NFT space to peek behind the curtain.

Following a look at the potential impact of a spot Bitcoin ETF, here’s how crypto and traditional finance could merge in 2024 and beyond.

Heading into the new year, all eyes in crypto are undoubtedly fixed on the prospects of a spot Bitcoin ETF. Hype around the financial product—which would allow traditional investors and entities to gain exposure to Bitcoin without holding any cryptocurrency—blasted BTC to 20-month highs this month, and spread industry-wide hope that the unending crypto winter might finally be vanquished by an influx of traditional capital. 

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Author: Sander Lutz

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