January 10, 2024 · Industry Milestone
Spot Bitcoin ETF Approval
The SEC approves spot Bitcoin ETFs after a decade-long battle
Crypto Fear & Greed
73
Greed
Source: Alternative.me, January 10, 2024
Bitcoin price
$46,000
30-day change
+5%
Higher 30 days later
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." Alternative.me's Crypto Fear & Greed Index read 73, Greed, on the day of the approval.
Key narratives
- Institutional access
- Regulatory clarity
- ETF inflows
About the score
The score is the daily value of the Crypto Fear & Greed Index, Alternative.me, a composite of market and attention data. Perception’s own media-based reading for the same day is in the daily sentiment archive for January 10, 2024.
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