- 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.
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.
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.