The cryptocurrency market experienced a notable surge in 2024, with Bitcoin's integration into traditional finance sectors acting as a catalyst for its expansion. The introduction of spot Bitcoin exchange-traded funds (ETFs) in the U.S. significantly fueled institutional demand, making Bitcoin more accessible to a broader range of investors.
By the end of 2024, over 1.1 million BTC were allocated to these ETFs, indicating a strong interest and trust in the cryptocurrency from institutional players. This trend highlights the growing mainstream recognition of Bitcoin and its potential for further growth in the upcoming years.