In the US, spot Bitcoin ETFs have faced regulatory hurdles for over a decade, with multiple filings being disapproved by the U.S. Securities and Exchange Commission (SEC). However, in recent years, as the Bitcoin market has matured and more exchanges and service providers have entered the space, there has been a notable increase in new filings. Around two years ago, some issuers attempted to add Bitcoin futures to portfolios and, after a gradual approval process, ETFs were allowed to hold 100% Bitcoin futures.
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