The approval of spot Bitcoin exchange-traded funds (ETFs) in the US has opened a long-awaited channel for capital inflows from traditional finance. According to David Prince, President of Binance France, ETFs were the first to allow institutions to easily invest in Bitcoin. 💼 Before the ETF was approved, large financial institutions in Europe could not invest in Bitcoin. Now that has changed. BNP Paribas, Europe's second-largest bank, invested in BlackRock's Bitcoin spot ETF in the first quarter of 2024.