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Bitcoin ETF

Bitcoin

<ul> 
 <li>All 11 spot Bitcoin ETF applications have been approved on an accelerated basis</li> 
 <li>The confirmation comes from Grayscale’s founder and the unarchive of the original announcement</li> 
</ul> 
The United States Securities and Exchanges Commission (SEC) has finally approved a spot Bitcoin ETF. The commission has given the green light to all 11 applications. These applications were filed by Blackrock, Valkyrie, Franklin, Bitwise, Fidelity, Hashdex, Ark Invest, Grayscale, WisdomTree, Van Eck and Invesco Galaxy. 
Notably, the confirmation of approval first came from Grayscale, with its founder – Barry Silbert reposting congratulatory messages on its efforts. Moreover, the SEC’s announcement link is back on its website, with the announcement stating that all the spot Bitcoin ETFs are approved on “an accelerated basis”. These products will begin trading as soon as tomorrow, with CBOE even making swift amends <a href="https://ambcrypto.com/multiple-spot-bitcoin-etfs-to-begin-trading-on-cboe-tomorrow-pending-sec-approval/" target="_blank" rel="noopener" data-wpel-link="internal">for its listing</a>. 
The announcement <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">read</a>, 
<blockquote>
 “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) be, and hereby are, approved on an accelerated basis.”
</blockquote> 
<h4>Makes spot Bitcoin ETF approval announcement, takes it down</h4> 
Notably, the SEC made the <a href="https://ambcrypto.com/breaking-us-sec-takes-down-spot-bitcoin-etf-approval-announcement-again/" target="_blank" rel="noopener" data-wpel-link="internal">announcement</a> earlier but archived the link right after. This resulted in the market speculating whether or not the approval was genuine. While the link is back live again, the commission is yet to give an explanation for the fiasco. 
However, despite the confusion, the market has now won in its strive to get a spot Bitcoin ETF. Today will go down in history as the Bitcoin ETF approval day, as coined by the Winklevoss brothers. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Today is 3,845 days in the making. Happy Bitcoin ETF Approval Day! 
 — Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1745122379594871057?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">January 10, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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 a significant movement in the past 24 hours. The 7-day chart showed that the coin has registered a growth of over 6%.

Confirmed: U.S SEC approves all 11 spot Bitcoin ETF applications

AMBCrypto

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