Source: Pension & investments
The Securities and Exchange Commission (SEC) of the United States has granted long-awaited approval to 11 Bitcoin Spot ETFs, marking a significant milestone in Bitcoin’s integration into mainstream finance.
The official announcement was made on the SEC’s website, which is regarded as more reliable than the SEC’s X account, which falsely declared the ETF approval on December 9th.
However, it’s worth noting that, at the time of writing, the link to the SEC’s ETF approval page was experiencing technical difficulties.
Bloomberg analyst James Seyffart stated on his X page, “It certainly appears that the Bitcoin ETF Approval Order has hit the SEC website, but the link is no longer working.”
However, this document appears to be correct to me,” confirming the approval of a Bitcoin Spot ETF in the United States.
With approval granted to around 11 issuers, trading for Bitcoin Spot ETFs is expected to begin soon. This game-changing development has sparked widespread excitement in the crypto community, fueling optimistic expectations for Bitcoin’s expanded role in mainstream financial markets.
Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.
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