The SEC approves spot Bitcoin ETFs after a decade-long battle
Fear & Greed
Extreme Greed
Bitcoin Price
$46,000
30-Day Change
+5%
What Happened
On January 10, 2024, the SEC approved 11 spot Bitcoin ETFs simultaneously, ending a decade-long battle that included multiple rejections, the Grayscale lawsuit victory, and intense industry lobbying. BlackRock's IBIT, Fidelity's FBTC, and others began trading the next day. Within weeks, billions of dollars flowed in, making IBIT the fastest-growing ETF in history. The event marked Bitcoin's definitive transition from "alternative asset" to "institutional-grade investment vehicle." The Fear & Greed Index surged to 76 as the market celebrated.
Key Narratives