US SEC Approves All 11 Bitcoin Spot ETF Applications

Bitget App

Trade smarter

Cointime2024/01/11 00:13

By:Cointime

After a long wait, the U.S. Securities and Exchange Commission has approved all 11 applications for spot bitcoin ETFs from issuers. Grayscale Investments, a digital asset investment firm and one of the filers, has converted its Grayscale Bitcoin Trust into its new bitcoin spot ETF product. The other 10 issuers include BlackRock's iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF, and WisdomTree Bitcoin Fund. The approval of spot-focused crypto ETFs allows investors and institutions to invest in crypto assets through a wrapper, giving them a regulated layer of protection. The D.C. Circuit Court of Appeals' ruling in favor of Grayscale against the SEC in the case of a bitcoin spot ETF in the Summer of 2023 was a critical milestone that brought about these approvals.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.

Cryptopolitan•2025/04/28 21:22

Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets

Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

Cryptopolitan•2025/04/28 21:22