The SEC Has Officially Approved a Bitcoin Spot ETF

[Suba]

The United States Securities and Exchange Commission (SEC), yesterday on Jan 10, 2024 has officially approved the Bitcoin Spot ETF proposed by applicants such as: Fidelity, Franklin Templeton, BlackRock, Bitwise, Grayscale, 19b-4 of ARK 21Shares, Invesco Galaxy, VanEck, Valkyrie, Hashdex and WisdomTree. So starting Jan 11, 2024 Bitcoin ETF spot products can be traded on these exchanges. The price of Bitcoin soared to the level of $47k, after 2 hours of the announcement of the Bitcoin Spot ETF approval and the current price of Bitcoin is $46k.

 

[Starmix]

That is great news, Bitcoin holders feel great too with this info. Just imagine after some hours of news of this, the price of Bitcoin soared. This is so inspiring and encouraging news.

 

[riberet19]

It's good news and bad news at the same time, this gives Blackrock and other entities the ability to sell Bitcoin without being real Bitcoin what they are selling, I think in the long term it could be good, but in the short or medium term, I'm not very clear for me

 

[Carson20t]

This is such a huge milestone with the players listed below it means more legislature is coming into the cryptocurrency world. Now is the time to make more investments for the future ripping off huge profits. The eleven players that are on these ETFs include;

(1)ARK 21Shares Bitcoin ETF (NYSE: ARKB)
(2)Bitwise Bitcoin ETF (NYSE:BITB)
(3)Blackrock’s iShares Bitcoin Trust (NASDAQ: IBIT)
(4)Franklin Bitcoin ETF (NYSE: EZBC)
(5)Fidelity Wise Origin Bitcoin Trust (NYSE: FBTC)
(6)Grayscale Bitcoin Trust (NYSE: GBTC)
(7)Hashdex Bitcoin ETF (NYSEARCA: DEFI)
(8)Invesco Galaxy Bitcoin ETF (NYSE: BTCO)
(9)VanEck Bitcoin Trust (NYSE:HODL)
(10)Valkyrie Bitcoin Fund (NASDAQ: BRRR)
(11)WisdomTree Bitcoin Fund (NYSE: BTCW)

 

[Suba]

Of course, the Bitcoin Spot ETF will have a positive impact on Bitcoin and the crypto world in general, such as increasing the flow of funds on the Bitcoin market, and in the future investment managers from mutual funds can also add investment instruments such as Bitcoin index funds.

 

[codescript94]

What great news, now more people will take courage to invest in cryptos.