The SEC should be working with the investment community to improve products and make them better, not just stand in the way of innovation." "The SEC has lost enough battles and is now realizing they may have been leaning too conservative and need to loosen up. "We've fought with the SEC for ages, and they have been really slow in accepting the cryptocurrency market," says Stuart John Barton, CFP and co-founder of Volatility Shares. Trading can begin as early as tomorrow, January 11, 2024, with over a dozen bitcoin ETF applicants - including Fidelity, BlackRock, Grayscale, Ark Investments, and 21Shares - eager to launch new products. Approved applicants for bitcoin ETFs include Grayscale, Bitwise, BlackRock, Fidelity, Hashdex, BZX, VanExk, WisdomTree, and Franklin.Īpplications for bitcoin ETFs first popped up in 2013, but had been repeatedly rejected by the SEC up until now. So far it has approved bitcoin ETF proposals as part of its initial announcement. The US Securities and Exchange Commission just greenlit spot bitcoin ETFs.
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