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BREAKING: US SEC Finally Approves 11 Bitcoin Spot ETFs, Trading Starts Tomorrow

11.01.2024
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BREAKING: US SEC Finally Approves 11 Bitcoin Spot ETFs, Trading Starts Tomorrow

  • According to the official statement made by the US SEC, 11 Bitcoin Spot ETFs have been approved and will begin trading tomorrow.

According to a statement released on Wednesday, the US Securities and Exchange Commission (SEC) has approved 11 Bitcoin Spot ETFs out of the 13 applications, including those of Grayscale, Bitwise, and Hashdex.

SEC Approval

The Bitcoin Spot ETFs approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world’s largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.

See Also: Bitcoin Spot ETFs To Start Trading Tomorrow – CBOE

Many experts agreed that Bitcoin Spot ETFs would be approved today.

BTC Spot ETFs, which will enable the participation of traditional finance investors and mediate the holding of Bitcoin directly, represent a turning point in the cryptocurrency industry.

This approval is expected to have a positive impact on the prices of cryptocurrencies, especially Bitcoin.

Bitcoinworld reported that WisdomTree and VanEck already listed their Bitcoin Spot ETFs tickers on DTCC in anticipation of the US SEC ETFs approval.

The post BREAKING: US SEC Finally Approves 11 Bitcoin Spot ETFs, Trading Starts Tomorrow appeared first on BitcoinWorld.

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US SEC Approves Spot Bitcoin ETFs To Trade On US Markets

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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