Stocks Rise as Crypto Market Remains Unphased by Bitcoin ETF Approval

Spot Bitcoin ETFs Granted Regulatory Approval, Set to Trade on Thursday

Spot bitcoin exchange-traded funds (ETFs) have received regulatory approval from the U.S. Securities and Exchange Commission (SEC) and are set to begin trading on Thursday. The approval comes after a long process that started in 2013 when the first application for a spot bitcoin ETF was submitted. The SEC has given the green light to several firms, including Blackrock, ARK Invest, and WisdomTree, among others, to launch spot bitcoin ETFs. This move is expected to bring more regulatory safeguards and allow investors to access the bitcoin market through well-established financial firms.