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Confirmed: US SEC approves all 11 spot Bitcoin ETF applications

1 Mins read

The United States Securities and Exchanges Commission (SEC) has finally approved a spot Bitcoin ETF. The commission has given the green light to all 11 applications. These applications were filed by Blackrock, Valkyrie, Franklin, Bitwise, Fidelity, Hashdex, Ark Invest, Grayscale, WisdomTree, Van Eck and Invesco Galaxy.

Notably, the confirmation of approval first came from Grayscale, with its founder – Barry Silbert reposting congratulatory messages on its efforts. Moreover, the SEC’s announcement link is back on its website, with the announcement stating,

The announcement read,

“IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA- 2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SR- CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR-CboeBZX-2023- 044; SR-CboeBZX-2023-072) be, and hereby are, approved on an accelerated basis.”

Makes spot Bitcoin ETF approval announcement, takes it down

Notably, the SEC made the announcement earlier but archived the link right after. This resulted in the market speculating whether or not the approval was genuine. However, despite the confusion, the market has now won in its strive to get a spot Bitcoin ETF.

The story is still developing.

Source

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Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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