Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews 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.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- The US SEC has officially announced the approval of 11 Bitcoin Spot ETFs, which will commence trading tomorrow.
In a statement issued on Wednesday, the US Securities and Exchange Commission (SEC) confirmed the approval of 11 Bitcoin Spot ETFs from a total of 13 applications, including those submitted by Grayscale, Bitwise, and Hashdex.
SEC Approval
The approval of Bitcoin Spot ETFs is poised to significantly impact the bitcoin market, providing both institutional and retail investors with access to the largest cryptocurrency without the need for direct ownership, while also serving as a substantial enhancement for a crypto sector facing numerous challenges.
Related Posts
See Also: Bitcoin Spot ETFs To Start Trading Tomorrow – CBOE
Numerous analysts had anticipated that Bitcoin Spot ETFs would receive approval today.
BTC Spot ETFs, which will facilitate the involvement of traditional finance investors and enable the indirect holding of Bitcoin, mark a pivotal moment in the cryptocurrency landscape.
This approval is projected to positively influence cryptocurrency prices, particularly Bitcoin.
Bitcoinworld noted that WisdomTree and VanEck have already registered their Bitcoin Spot ETFs tickers with DTCC in preparation for the US SEC’s approval of ETFs.
The post BREAKING: US SEC Finally Approves 11 Bitcoin Spot ETFs, Trading Starts Tomorrow appeared first on BitcoinWorld.
