The SEC has approved 11 Bitcoin Spot ETFs, marking the beginning of a new era in encryption finance.

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The US SEC approves 11 Bitcoin Spot ETFs, creating a new chapter in history

Bitcoin has reached an important milestone. The U.S. Securities and Exchange Commission announced on January 11 the approval of the first Bitcoin Spot ETFs to be listed in the United States. This decision marks an important watershed between crypto finance and traditional finance, making it easier for ordinary investors to access Bitcoin.

Historic Moment: The US SEC Approves 11 Bitcoin Spot ETFs!

The SEC has approved applications from 11 companies, including BlackRock, Ark Investments, 21Shares, Fidelity, Invesco, and VanEck. Some products are expected to begin trading as early as this Thursday. SEC Chairman Gary Gensler emphasized that this approval is limited to ETPs that hold Bitcoin as a non-security commodity and does not represent the SEC's stance on other crypto assets.

Industry analysts expect these ETFs to raise as much as $4 billion on their first trading day, potentially reaching $50 billion within two years. Analysts at Standard Chartered Bank indicate that these ETFs could attract between $50 billion and $100 billion this year alone, which may drive the price of Bitcoin up to $100,000.

Historic moment: US SEC approves 11 Bitcoin Spot ETFs!

SEC Commissioner Hester Peirce stated that this is a moment worth celebrating, as American investors have the right to express their views on Bitcoin by buying and selling Spot Bitcoin ETFs. However, Commissioner Caroline Crenshaw disagrees, believing that the Bitcoin Spot market lacks sufficient regulation and transparency.

Various applicant institutions are engaged in fierce competition for market share, adjusting trading fees. Several institutions, including BlackRock iShares, Bitwise, and Ark/21Shares, initially offered zero or low fee promotions. The level of fees has become an important factor of concern for potential investors.

The SEC stated in its approval announcement that these ETFs will provide more protection for investors, including comprehensive, fair, and truthful information disclosure, as well as trading on regulated exchanges. At the same time, the SEC emphasized that it does not endorse Bitcoin itself, and investors should remain cautious about the associated risks.

The approval of the Bitcoin Spot ETF is regarded as a significant milestone for the cryptocurrency industry, expected to bring more institutional funds and participation from mainstream investors into Bitcoin. However, the actual performance of the ETF and its market impact remain to be observed. Investors must fully understand the associated risks and make prudent decisions when participating.

Historic Moment: The US SEC Approves 11 Bitcoin Spot ETFs!

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P2ENotWorkingvip
· 08-09 18:39
Everyone has been bearish for so long, and it has finally been approved.
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SelfCustodyIssuesvip
· 08-09 18:34
The bull run has finally arrived!
View OriginalReply0
rugpull_ptsdvip
· 08-09 18:34
Anyway, it's time to Be Played for Suckers.
View OriginalReply0
ArbitrageBotvip
· 08-09 18:32
The miners are going to eat again this month.
View OriginalReply0
BlockImpostervip
· 08-09 18:31
This wave is big, just let it To da moon here.
View OriginalReply0
MEVEyevip
· 08-09 18:19
Catch a falling knife for free?
View OriginalReply0
HashBanditvip
· 08-09 18:12
back in my mining days we couldn't even dream of this... guess i should've hodl'd instead of selling my btc for electricity bills smh
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