On January 10, 2024, a momentous occurrence shook the worldwide economy, specifically the realm of cryptocurrency, with the commencement of trading for spot Bitcoin ETFs, signifying the fruition of exertions undertaken in 2023. Subsequently, BTC emerged as the most transacted asset in ETF annals within a solitary day, undergoing a swift escalation in value succeeded by a downturn. As BTC neared its peak value of all time, ETH eclipsed the $4,000 mark. Presently, attention is fixated on the commencement of trading for spot Ethereum ETFs, initially sanctioned on May 23, 2024.
