Bitcoin enters the pension system
American regulators approve spot bitcoin funds after rejecting them for a decade.
- When
- Known to
- ± 12 hours
- Era
- Contemporary, Holocene
The SEC approved eleven spot bitcoin ETFs on 10 January 2024, having refused similar applications since 2013 and doing so only after losing in court. The funds took in tens of billions within months, and bitcoin passed 100,000 dollars that December. The asset had arrived inside the institutions it was designed to route around.