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Breaking: US SEC Approves Eleven Spot Bitcoin ETFs, Order Disappears From Website

Twitter icon  •  Published il y a 3 mois  •  Hassan Maishera

The US Securities and Exchange Commission has approved all eleven spot Bitcoin ETF applications, with most of them expected to start trading on the Cboe BZX exchange tomorrow.

TL;DR

  • The US SEC has approved all 11 spot Bitcoin ETF applications.

  • This comes following months of amendment of the various applications by BlackRock and other applicants.

SEC Finally Approves Spot Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) has finally approved spot Bitcoin exchange-traded funds in the United States. This latest development comes following years of rejecting multiple ETF applications by numerous firms.

According to the SEC, the ETF applications filed by BlackRock, VanEck, Bitwise, Fidelity, Franklin, Valkyrie, HashDex, Ark Invest, Grayscale, WisdomTree and Invesco Galaxy, have all been approved.

While the approval came a few minutes ago, Bitcoin’s price is yet to substantially soar higher. At press time, Bitcoin continues to trade around the $46k level, down by less than 2% in the last 24 hours. 

According to the document on the SEC website, which now shows a 404 error, the SEC said, 

"After careful review, the Commission finds that the Proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange."

Bloomberg ETF analyst James Seyffart also confirmed this latest development on X. The approval came a few hours after the Cboe BZX exchange sent letters to the SEC, requesting “acceleration of registration” for proposed spot bitcoin ETFs.

Cboe BZX exchange also issued listing notifications for six prospective ETFs earlier today, saying that trading would begin on Thursday.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.