SEC Approves Bitcoin ETFs: What’s Next for BTC and Crypto?. The SEC has approved the first regulated spot Bitcoin exchange-traded funds (ETFs) in the United States, marking a significant milestone in the history of the financial markets. Spot Bitcoin ETF advocates have had a tough ten years, but they finally got their wish a day after a misleading announcement briefly threw markets into chaos.
Industry heavyweights ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton had their 19b-4 applications granted by the SEC on January 10.
With this critical regulatory approval, spot Bitcoin ETFs can now be listed and traded on prominent U.S. exchanges like Nasdaq, Cboe Global Markets, and NYSE. Major trading firms are prepared to offer liquidity for these innovative products, and the much-anticipated trading that market participants are looking forward to could begin as early as 4 a.m. ET, which is in sync with the opening of U.S. stock exchanges.
First Day Of Bitcoin ETFs Approval
A significant step forward for the cryptocurrency industry, with far-reaching consequences, has been the green light of spot Bitcoin ETFs. After a long road to regulatory recognition, a new age in cryptocurrency investment has started with the SEC’s approval.
With the historic approval of spot ETFs, the crypto world celebrated. The trending hashtag #BitcoinETF has tens of thousands of crypto fans expressing their joy on platforms like X.
Justin Sun, founder of Tron, expressed his views on this development, stating.
The Bitcoin ETF’s green light in the US is proof that the cryptocurrency trend is here to stay. Eventually, all eight billion individuals on Earth will be able to buy Bitcoin, as markets in Asia and China quickly catch on to the prospect.
Market players were anxiously awaiting the start of trading as eleven spot Bitcoin ETFs were already accessible, with several attracting billions of dollars in assets before debut. However, Spot ETF liquidity is anticipated to be bolstered on day one by the futures markets, spot market, and futures ETFs for Bitcoin.
Meanwhile, Bitcoin experienced a slight increase of 0.42%, reaching $46,128. Ethereum, Avalanche, and Dogecoin were among the altcoins that saw exponential growth simultaneously. In any case, analysts expect Bitcoin to reach new all-time highs in the coming days.