United

Bitcoin

The crypto community leaps for joy as the United States Securities and Exchange Commission (SEC) approved spot exchange-traded funds (ETF) for Bitcoin.&nbsp; 
Over the years, several asset managers have tendered applications for Bitcoin spot ETF but have failed to succeed. Emphatically, the regulatory body rejected such applications, claiming that Bitcoin ETFs would be vulnerable to market manipulation.&nbsp; 
However, on January 10, 2024, <a href="https://coinedition.com/bitcoin-etf-approval-realizes-is-xrp-etf-launch-the-next/">the U.S. SEC approved</a> the first-ever Bitcoin spot ETF applications for 11 firms after months of extensive deliberations. These approved applications include submissions from BlackRock, ARK Investments, and Fidelity. 
<h2 class="wp-block-heading" id="h-how-will-the-etfs-work">How Will the ETFs Work?</h2> 
The Bitcoin ETFs would be listed on traditional exchanges NASDAQ, NYSE, and CBOE (Chicago Board Options Exchange), comprising actual Bitcoin purchased from crypto exchanges and those held by custodians like Coinbase Global.&nbsp; 
The recently approved products can either track a Bitcoin benchmark or utilize the index provided by CF Benchmarks. Notably, CF Benchmarks is a subsidiary of Kraken that aggregates trading data from various BTC/USD markets operated by top cryptocurrency exchanges.&nbsp; 
Bitcoin E…
The post <a href="https://coinedition.com/bitcoin-etfs-what-sets-them-apart-and-why-investors-are-eager-to-see-it/">Bitcoin ETFs – What Sets Them Apart, and Why Investors Are Eager to See It!</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin ETFs – What Sets Them Apart, and Why Investors Are Eager to See It!

Table of Contents

Coin Edition

Other articles published on Jan 11, 2024

Ripple Unveils $285M Share Buyback from Early Investors

Helium Mobile’s Anti-SIM Swap Breakthrough

3 Simple Ways to Use Cutout Pro AI for E-commerce and Product Photography

U.S. Inflation Hits 3.4% in December 2023, Sparks Rate Cut Speculation

Vanguard Says They Will Not Offer Spot Bitcoin ETFs

Vitalik Buterin Supports Enhancing Ethereum Gas Fee for Better TPS

Join our free newsletter for daily crypto updates!