- All 11 spot Bitcoin ETF applications have been approved on an accelerated basis
- The confirmation comes from Grayscale’s founder and the archive of the original announcement
The US Securities and Exchanges Commission (SEC) has finally approved a spot Bitcoin ETF. The committee has given the green light for all eleven applications. These applications were submitted by Blackrock, Valkyrie, Franklin, Bitwise, Fidelity, Hashdex, Ark Invest, Grayscale, WisdomTree, Van Eck and Invesco Galaxy.
Notably, confirmation of the approval came for the first time from Grayscale, with its founder – Barry Silbert – once again posting congratulations for his efforts. Additionally, the SEC’s announcement link is back on its website, announcing that all spot Bitcoin ETFs will be approved on an “accelerated basis.” These products will start trading from tomorrow, with CBOE even making up for its listing quickly.
The announcement read,
“IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA-2023-58 ; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SR-CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR – CboeBZX-2023-044; SR-CboeBZX-2023-072) are, and are hereby, approved on an accelerated basis.”
Announces and removes spot approval of Bitcoin ETF
Interestingly, the SEC made the announcement earlier, but archived the link immediately afterwards. This resulted in the market speculating as to whether or not the approval was real. Although the link is live again, the committee has yet to provide an explanation for the fiasco.
However, despite the confusion, the market has now won in its quest to get its hands on a Bitcoin ETF. Today will go down in history as Bitcoin ETF Approval Day, as coined by the Winklevoss brothers.
Today is 3,845 days in the making. Happy Bitcoin ETF Approval Day!
— Cameron Winklevoss (@cameron) January 10, 2024
Notably, the announcement has not yet had an impact on the price of Bitcoin (BTC). According to CoinMarketCap, BTC was trading at $45,567 with a market cap of $891 billion. The coin has not registered any significant movement in the last 24 hours. The 7-day chart showed that the coin has registered a growth of over 6%.
