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SEC Approves Spot Bitcoin ETFs

Spot Bitcoin ETFs approved by SEC, raising questions about crypto intentions. Critics call it "unsound," while Honduras recognizes Bitcoin as unit of account. Google Play Store blocks Binance and OKX in India, and Do Kwon requests SEC trial postponement.

by John Darbie
Tue, Jan 16, 2024 2:36am
in Bitcoin
• 4 mins read
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SEC Approves Spot Bitcoin ETFs | FinOracle

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Spot Bitcoin ETFs Approved in Landmark SEC Decision

After more than a decade of waiting, the crypto industry has finally achieved a significant milestone in the United States with the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The SEC approved applications from several prominent companies in the crypto space, including ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton. This historic decision paves the way for the introduction of Bitcoin ETFs, allowing investors easier access to the cryptocurrency market.

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