SEC Approves Bitcoin Spot ETFs For Trade In The United States

1 Mins read

After years of rejections, the U.S. Securities and Exchange Commission (SEC) has approved the first wave of Bitcoin spot ETFs for trade in the United States on an accelerated basis.

  • Per a filing to the SEC’s website on Wednesday, all 11 Bitcoin ETF applicants have been approved for trade across national securities exchanges like the NYSE, Nasdaq, and CBOE.
  • That includes funds provided by Grayscale, Bitwise, Hashdex, BlackRock, Valkyrie, Ark Invest/21Shares, Invesco/Galaxy, VanEck, WisdomTree, Fidelity, and Franklin Templeton.
  • “Each proposal seeks to list and trade shares of a Trust that would hold spot bitcoin,16 in whole or inPart,” wrote the SEC. “This order approves the Proposals on an accelerated basis.”

  • The announcement confirms prior notices from the CBOE indicating that multiple spot Bitcoin ETFs would begin trading at 9:30 am ET on Thursday, including funds from Ark, Fidelity, and Invesco.
  • The SEC has rejected spot ETFs for years over fears that the underlying Bitcoin spot market wasn’t sufficiently regulated, and was thus unsuited for public markets.
  • However, a court loss to Grayscale in August forced to agency to make a “fresh evaluation” of ETF applications.
  • “The Commission finds that the Proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange,” the agency wrote in its approval order, adding that their rules are sufficient to “prevent fraudulent and manipulative acts and practices.”


1409 posts

About author
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.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.