11 Bitcoin Spot ETFs that were passed:
The Full List.

On Wednesday, January 10, 2024 is a historic day bith for the crypto and investors world.

The Securities and Exchange Commission (SEC) approved eleven spot Bitcoin (BTC-USD) exchange-traded funds (ETFs).

For years, investors have been keeping a careful eye on the introduction of Bitcoin ETFs as a possible significant source of funding for the leading cryptocurrency.

The funds began trading on January 11th, a Thursday.

Exchange-traded funds (ETFs) for spot Bitcoin (BTC-USD) have finally been given the go-ahead to commence trading. The Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETF applications on Wednesday, much to the delight of Bitcoin enthusiasts.

So, what do you need to know about Bitcoin’s latest major win?

It appears that the SEC has finally given in and acknowledged the future of digital currency after years of waiting. This is after 13 years since the first spot etf was filed.

In fact, exchange-traded funds that offer direct exposure to Bitcoin as a component of a typical brokerage account are known as spot Bitcoin ETFs.

Spot Bitcoins invest directly in the cryptocurrency as opposed to other products that track Bitcoin futures, which use derivative contracts.

Perhaps understandably, cryptocurrency investors have been hammering home the potential of Bitcoin ETFs for a while now. Spot Bitcoin ETFs provide investors with an easy and direct way to participate in the burgeoning cryptocurrency trend.

The following list of spot Bitcoin ETFs has been approved by the Securities and Exchange Commission that is the SEC in the United States of America.

You now have the awesome chance to invest and create wealth.

1. ARK 21Shares Bitcoin ETF (NYSE:ARKB)

2. Bitwise Bitcoin ETF (NYSE:BITB)

3. Blackrock’s iShares Bitcoin Trust (NASDAQ:IBIT)

4. Franklin Bitcoin ETF (NYSE:EZBC)

5. Fidelity Wise Origin Bitcoin Trust (NYSE:FBTC)

6. Grayscale Bitcoin Trust (NYSE:GBTC)

7. Hashdex Bitcoin ETF (NYSEARCA:DEFI)

8. Invesco Galaxy Bitcoin ETF (NYSE:BTCO)

9. VanEck Bitcoin Trust (NYSE:HODL)

10.Valkyrie Bitcoin Fund (NASDAQ:BRRR)

11.Wisdom Tree Bitcoin Fund (NYSE:BTCW)

Spot Bitcoin products work by allowing investors to own entire Bitcoins in a virtual safe that is overseen by registered operators.

As a result, the fund is able to mimic changes in market prices for Bitcoin.

Some investors believe this will prove a major benefit to the crypto itself.

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