“Running bitcoin” were the words of legendary cypherpunk Hal Finney on January 11, 2009, shortly before becoming the first person to download and receive Bitcoin (BTC) two days later.

This tweet introduced the world to Bitcoin, the internet token that would become an asset with a capitalization of trillions of dollars at its peak.

Finney, who passed away in August 2014, was the first person other than Bitcoin creator Satoshi Nakamoto to download and run Bitcoin software.

Finney also believes that Bitcoin can grow very quickly. In an email to Nakamoto, Finney was one of the first to offer a price for the token. With an estimated portion of every household's global wealth invested in the project, the price of each Bitcoin could one day reach $10 million.

Exactly 15 years after Finney's tweet, Bitcoin got its first spot ETF approved by the U.S. Securities and Exchange Commission (SEC).

Adopted providers include financial giants BlackRock (BLK) and Fidelity, while cryptocurrency fund Grayscale's popular Bitcoin Trust (GBTC) has also been listed as an ETF. Fees for these products range from 0 for the first few months (at ARK, Bitwise, and Invesco) to 1.5% (at Grayscale).

While Bitcoin was initially thought of as anti-establishment, operating away from traditional banking circles, its adoption on Wall Street means the token is now positioned for widespread growth as an alternative asset class. position.

A regulated product will allow investors and funds to access tokens without the risk of setting up and managing a crypto wallet. As a result, the SEC has given the green light after years of delay and outright rejection of multiple attempts to launch spot Bitcoin ETFs.

Cameron and Tyler Winklevoss, co-founders of the Gemini exchange, submitted their first application to create a Bitcoin spot ETF in 2013, but it was summarily rejected. Grayscale has been trying to convert its trust to an ETF since 2017.

Meanwhile, Bitcoin price peaked at $47,500 early Thursday before falling after news of the approval was announced. The leading crypto asset is still getting closer to its ATH around $69,000.

And although Finney was not present to witness the success of the magic internet currency, his legacy and spirit will live on forever.

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