The year 2024 was a turning point for the cryptocurrency market. The US Securities and Exchange Commission (SEC) approved the long-awaited Spot Bitcoin ETFs. During this process, many institutional investors, especially BlackRock, turned to Bitcoin funds. BlackRock’s iShares Bitcoin Trust attracted attention by receiving more than $51 billion in investments throughout the year. These developments contributed to the increase in institutional adoption and a significant increase in the value of Bitcoin.

Spot Bitcoin ETF Approvals and Institutional Participation

The SEC approved 11 Spot Bitcoin ETF applications at the beginning of the year. This decision had a great impact on the crypto market and triggered institutional participation. With BlackRock leading the way, total Bitcoin ETFs reached a market size exceeding $100 billion. These ETFs constitute 5.37% of the Bitcoin supply, while leading financial institutions such as Morgan Stanley and UBS entered the market with new funds and products.

At the end of the year, market values ​​increased by 118% in Bitcoin, and the active role of institutional investors in this growth was remarkable. The SEC's permission to trade options in ETFs increased the trust environment and made the market more accessible.

Trump’s Election Victory and Its Impact on Crypto Policy

In November 2024, Donald Trump changed the direction of the crypto markets by winning the US presidential election. During his campaign, Trump emphasized his goal of making the US a leading crypto center. With this approach, investors returned to the market and Bitcoin reached $108,000 by the end of the year. Thanks to the statements and consistent policies, confidence in the market was renewed.

Additionally, new ETF approvals in global markets like Hong Kong and Germany have made both Bitcoin and Ethereum more widely available, while Germany’s 50,000 BTC sale and the Asian market’s momentum have made the crypto market an international force.

The year 2024 will be remembered not only for new records for Bitcoin and the cryptocurrency world, but also for expanding institutional and global investments. The SEC's determined stance and strong policies gave positive signals for the future of Bitcoin.