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US SEC officially approves 11 spot Bitcoin ETFs
According to Reuters, the U.S. Securities and Exchange Commission (SEC) has approved applications for Bitcoin spot ETFs from 11 issuers including Ark/21Shares, WisdomTree, Invesco, Grayscale, Blackrock, BitWise, VanEck, Fidelity, Valkyrie, Franklin, and Hashdex. , the market is expected to start trading on Thursday.
As previously reported, the first stage of approving a spot Bitcoin ETF is the SEC’s signing of the 19 b-4 document. The SEC then needs to approve the issuer's S-1 filing, and if both are approved, the ETF can technically begin trading the next business day.
As previously reported, the first stage of approving a spot Bitcoin ETF is the SEC’s signing of the 19 b-4 document. The SEC then needs to approve the issuer's S-1 filing, and if both are approved, the ETF can technically begin trading the next business day.
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