In January 2024, the introduction of spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) revolutionised the way investors approach cryptocurrency markets.

Garnering unprecedented attention, these ETFs saw an influx of $12 billion within their first three months, capturing a considerable 4.20% of the total bitcoin market share.

This swift accumulation of investments underscores the transformative potential these financial products have on both the accessibility and attractiveness of cryptocurrency investing.

The surge in popularity and capital brings to the forefront discussions about the immediate effects and intricate relationships within the cryptocurrency ecosystem, sparked by the advent of these ETFs.