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AIM 09 Bitcoin products

Bitcoin ETFs have been a topic of great controversy since the first spot bitcoin ETF application by the Winklevoss twins in 2013. A series of application denials by the SEC over the years. In October 2022, the SEC oddly approved a futures-based ETF structure. Grayscale sued the SEC in 2023 and won, paving the way for spot-based bitcoin ETPs. On January 11, 2024, ten different issuers began a competition for market share. 

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