US SEC approves 11 spot bitcoin ETFs

[raiders72001]

Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday.
The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.

https://www.reuters.com/technology/u...fs-2024-01-10/

[raiders72001]

Ethereum ETF is up next. ETH on a run today. If you want to hold your sportsbook balance in ETH, you can do it at Betcoin.

[raiders72001]

Ether Jumps Over $2.4K as Traders Bet on Possible Ether ETF Next
BlackRock had previously filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF).

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[raiders72001]

BTC halving in April. This will be the mother of all bull runs.

[raiders72001]

BlackRock, Inc (NYSE: BLK) and Ark Innovation ETF (NYSE: ARKK) parent Ark Investment Management have revised their fee structures for their proposed spot bitcoin exchange-traded funds (ETFs), entering a competitive fee war before obtaining approval from the U.S. Securities and Exchange Commission. Bitcoin (CRYPTOO: BTC-USD) is trading at around $45,100 at the time of writing.BlackRock's iShares Bitcoin Trust lowered its fee from 0.30% to 0.25%, with an additional discount of 0.12% for the first $5 billion of assets in the fund's first year.
Similarly, ARK 21Shares Bitcoin ETF reduced its fee from 0.25% to 0.21%, Reuters reports.

https://finance.yahoo.com/news/black...ters%20reports.

[raiders72001]

Jan 10 (Reuters) - Multiple issuers' spot bitcoin exchange-traded funds (ETFs) are slated to begin trading on Thursday, according to notices posted on CBOE's website on Wednesday.Among the ETFs listed for trading were Ark/21Shares Bitcoin ETF, Franklin Templeton Bitcoin ETF, WisdomTree Bitcoin Fund and Invesco/Galaxy Bitcoin ETF, according to filings.
A spokesperson for CBOE said the exchange was still waiting for approval from the Securities and Exchange Commission (SEC) for the spot bitcoin ETFs.

https://www.reuters.com/technology/m...on%20Wednesday.

[raiders72001]

This approval is huge for ETH. Things change all the time. Moved some of my SOL back to ETH. If the ETF got turned down, then my ETH holdings may have kept sliding.

[raiders72001]

Spot BTC ETFs trading volumes approach $5 billion in day one of trading after SEC approvals

https://www.fxstreet.com/cryptocurre...f-202401102047