- 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.
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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
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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.
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