- Applications for all 11 spot Bitcoin ETFs have been expeditiously approved.
- The founder of Grayscale has confirmed it, and the initial announcement has been unarchived.
Finally, a spot Bitcoin ETF has received approval from the Securities and Exchanges Commission (SEC) of the United States. All eleven of the applications have received approval from the commission. Blackrock, Valkyrie, Franklin, Bitwise, Fidelity, Hashdex, Ark Invest, Grayscale, WisdomTree, Van Eck, and Invesco Galaxy filed these applications.
CryptoCaster Quick Check:
Notably, Grayscale was the first to confirm approval, with its founder, Barry Silbert, reposting messages of congratulations for the company’s efforts. Additionally, the SEC has restored the link to its announcement on its website, which states that all spot Bitcoin exchange-traded funds have been approved “on an accelerated basis.” As early as tomorrow, these products will be traded, and CBOE will quickly make corrections regarding their listing.
The announcement read:
“IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA- 2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SR- CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR-CboeBZX-2023- 044; SR-CboeBZX-2023-072) be, and hereby are, approved on an accelerated basis.”
Bitcoin ETF approval announced with brief notice
Stay in the know on crypto by frequently visiting Crypto News Today
Notably, Grayscale was the first to confirm approval, with its founder, Barry Silbert, reposting messages of congratulations for the company’s efforts. Additionally, the SEC has restored the link to its announcement on its website, which states that all spot Bitcoin exchange-traded funds have been approved “on an accelerated basis.” As early as tomorrow, these products will be traded, and CBOE will quickly make corrections regarding their listing.
Notably, the price of Bitcoin (BTC) has not changed as a result of the announcement yet. With a market capitalization of $891 billion, BTC was trading at $45.567, per CoinMarketCap. Over the last day, there hasn’t been any noticeable movement on the coin. The coin has grown by more than 6%, according to the 7-day chart.
We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism.
From Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.
And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.
When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble.
Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.
We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.
Thank you.
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
CRYPTOCASTER HEATMAP
