🔥🔥➡️➡️BREAKING: SEC approves first spot Bitcoin ETFs in the United States.

The US Securities and Exchange Commission (SEC) has approved more Bitcoin spot exchange-traded funds (ETFs) after months of speculation.

ETFs filed by asset management companies were simultaneously approved ahead of the expected deadline of January 10, 2023. There are a total of 13 Bitcoin ETF applicants: BlackRock, Grayscale Investments, Ark Invest & 21Shares, Bitwise, VanEck, WisdomTree, Invesco, Fidelity , Valkyrie, Global X, Hashdex, Franklin Templeton and Pando Asset Management.

✅Since 2013, multiple companies have unsuccessfully tried to introduce a spot Bitcoin exchange-traded fund. The SEC repeatedly cited potential market manipulation in spot markets as the reason for the rejection. However, the SEC approved Bitcoin futures ETFs in October 2021, helping push Bitcoin to an all-time high of $69,000 in November 2021.

➡️In recent months, there have been numerous meetings between ETF applicants and regulators, with changes made to S1 filings such as the creation of shares with cash. Notably, the filings include a “surveillance sharing agreement,” with many US-based cryptocurrency exchange names Coinbase as partners, to address concerns about spot market manipulation.