Author: Felix, PANews
Among the many catalysts of this round of the crypto bull market, ETFs, especially spot Bitcoin and Ethereum ETFs, as a revolutionary financial tool, have significantly lowered the barrier to investing in cryptocurrencies, playing a key role as a "funding bridge." Since the approval of the spot Bitcoin ETF in early 2024, the entire industry has attracted over a hundred billion dollars in institutional capital inflows, propelling the price of Bitcoin from 60,000 dollars to the current approximately 113,500 dollars.
As of now, the U.S. Securities and Exchange Commission (SEC) has 92 cryptocurrency spot ETFs (including single-asset and index-based) pending approval. Among them, approximately 69 are single-asset ETFs covering 24 different cryptocurrencies. These applications mainly come from institutions such as Grayscale and VanEck, with a final decision deadline.