Wed 10 January 2024:
The U.S. Securities and Exchange Commission has gave the green light to the 11 spot ETF applications submitted by major players like Grayscale, Bitwise, Hashdex, Valkyrie, Ark 21Shares, Invesco, Fidelity, and others, according to a statement on Wednesday, Reuters reported
The decision comes after months of intense industry lobbying and a recent flurry of amended 19b-4 filings, hinting at growing pressure on the SEC to act.
The approval marks a paradigm shift, granting direct access to Bitcoin via ETFs for millions of institutional and retail investors who previously lacked options.
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.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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