During an interview with Bloomberg in January, Ophelia Snyder, who co-founded and leads 21Shares as president, described spot Bitcoin ETFs as having achieved success. 21Shares has partnered with Ark Invest to offer a co-managed spot Bitcoin ETF, which is among the various Bitcoin ETFs that the U.S. Securities and Exchange Commission (SEC) authorized in January. Snyder offered remarks regarding those authorizations, mentioning: Ultimately, these streams have shown a lot of potential. It ranks among the most successful ETF debuts ever. Over the past few weeks, our product has attracted over $600 million in assets. Snyder emphasized that the tendency is particularly thrilling due to its emergence from a varied foundation. She proposed that introducing advisors to the cryptocurrency community through new products will influence the ecosystem’s development going forward. Bloomberg also reported that there have been inflows amounting to $1 billion across all spot Bitcoin exchange-traded funds.