In 2024, the cryptocurrency market experienced a historic year, especially in the area of cryptocurrency ETFs (Exchange-Traded Funds). This year, the U.S. Securities and Exchange Commission (SEC) approved the listing of Bitcoin spot ETFs, marking a significant shift after multiple rejections. The Bitcoin spot ETF saw over $4.6 billion in trading volume on its first day, with a net inflow of $628 million, indicating immense market interest in Bitcoin ETFs. Countries like Hong Kong and Australia also began launching Bitcoin spot ETFs, further advancing the global legitimization of crypto assets. By the end of the year, the asset size of U.S. crypto ETFs had exceeded $122.39 billion.

The success of crypto ETFs is not limited to Bitcoin; it also includes Ethereum and other digital assets. BlackRock's iShares Bitcoin Trust ETF (IBIT) manages over $150 billion in assets, showcasing the tremendous growth of the crypto ETF market. This trend not only represents market growth but also reflects a fundamental shift in traditional investors' attitudes towards digital assets. Ethereum ETFs are also gradually gaining attention, as investors begin to recognize their unique value within the digital asset ecosystem.

These developments in 2024 herald significant changes in the crypto ETF industry, potentially paving the way for more spot ETF approvals, such as Solana and XRP. The success and growth of crypto ETFs not only signify the mainstreaming of digital assets but may also lay the foundation for developments in 2025.