Today we are having countless ETFs from the biggest financial giants, lined up. But 10 years ago we had the first ever ETF-filing at a price of $68.

We are all probably feed up until the very end from the countless Bitcoin Spot ETF filings we have been hearing about since the last weeks, we have the biggest asset-manager ever BlackRock and multiple other big financial giants filling in at the SEC right now. So much that the combined “assets under management“ value for all of those is well over $27T by now. More than any countries GDP.

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Cumulative value of capital that will be open for Spot ETFs

But we came a long way since we had the first Bitcoin ETF filing, in fact it has been exactly 10 years by today. On the 1st July 2013 the news broke out that the Winklevoss Brothers (original founders of Facebook) has plans for the first Bitcoin Fund, they were also one of the first big business world personalities venturing into Crypto with their investments.

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Article of Winklevoss brothers planning BTC ETF in 2013, pic by Pete Rizzo

Back then the price of BTC was just $68 and that just shows the perspective of how long ago we had taken the first step, it took until 2021 to have our first Futures Bitcoin ETF and now we have a good chance of the first Spot Bitcoin ETF. It really took us 10 years, but now the adoption is just exponentially accelerating.