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SEC approves spot Bitcoin ETFs

AuthorFrank DeMatteo
Published 01/10/2024, 04:40 PM
Updated 01/10/2024, 04:42 PM
© Reuters. SEC approves spot bitcoin ETFs
BTC/USD
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The SEC has approved 11 spot Bitcoin exchange-traded funds, the government agency said on Wednesday. The news comes one day after the SEC's X, formerly Twitter, account was hacked, announcing the same news.

The approval includes ETFs from Grayscale, Bitwise, and Hashdex, among others.

Grayscale confirmed it received approval from the SEC to convert its Grayscale Bitcoin Trust to a spot Bitcoin ETF.

SEC Chairperson, Gary Gensler, said the Grayscale court decision prompted the approval. He added that the approval will bring more oversight.

The endorsement is seen revolutionizing the landscape for Bitcoin, providing both institutional and retail investors with access to the largest cryptocurrency globally without the need for direct ownership.

Bitcoin last traded up fractionally to $45,706. It is up 67% over the last 3 months in anticipation of the ETF approvals.

Latest comments

If you bough in at $200, great. Otherwise the price is already high, will it really go up that much more?  This will either be a rocket to the moon, or will drill a hole to hades.  It's a tough call to buy in at this price.
Blackrock manages $10T portfolio. If they invest only 1% in BTC ETF it worth $100B which is about 10% of the total BTC capitalization. Due to BTC's capped supply, this extra demand will be translated into aprox 10% raise in BTC price. Now folks, you have another 10 investing houses and banks that also got the SEC approval, and there are many more standing in line... Buy BTC NOW. Only f**ls can allow themselves to miss such an obvious investment opportunity!
Coinbase will sink. It will say good bye to purchases of crypto
No
You’re not well informed. Coinbase is actually the custodian for the majority of BTC spot ETF. So it won’t sink, it’ll strive!!
fake coin once again
criminal username
buy the news sell the fact
i love bitcoin
Not your keys, not your wallet.
Market has been anticipating this for weeks, so would not surpise me for a pop into Friday and then a nice sell-off. Stay nimble!
Now more people can gamble on a ponzi of nothing!
Companies, real hard Commodities with a use case, real estate, and bonds are all better than digits on a screen
us dollar is a ponzi kettle black
@Merica, keep burning logs to heat your home, because you don't see electricity and use abacus for your math just because you don't believe every number can be represented by 0-1 binary form in your computer. Good luck my dear caveman.
President Biden again does something good for the middle class.
how is it good? It's all about more Gov Control over All our lives! Wake up WO KE you're being PLAYED by  libshitzzzz once again.
how is it good? It's all about more Control over All our lives! Wake up W you're being PLAY ED by  li bsh   it  zzzz once again.
The feds want to be able to track the cash.
should drop to 28-32k..they need to buy btc cheap not 45k
maybe this is cheap
Waiting on a retest
the statement is not up in the official website that is why btc doesnt move
BTC is not moving because people are waiting if SEC will remove the statement from twitter in next 15 mins 😂
not moving because the etf has not gone live. it will be on Thursday.
Believe me retails they going to collect all of your money from bitcoin because bitcoin to the moon someone said
Let the games begin
We are hope massive movement 😊
Financial fraud will increase.
Why bitcoin is don’t move
Don't touch it! it might break your desk
Youre too late bud. Alts are moving tho
Is the news included in the price?
if you want to see your Ferrari in a foreign garage, believe me and buy quickly
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