Historical! SEC Approves First US Spot Bitcoin ETF After years of attempts and rejections, the first US Spot Bitcoin ETF has finally been approved. Investors can now have direct exposure to Bitcoin (BTC) without storing the asset in crypto wallets. Comment your opinions on this news!

- In 2013, the Winklevoss twins filed the first application for a spot Bitcoin ETF in the US, but it was rejected in 2017.

- Over the years, several companies attempted to obtain SEC approval for a Bitcoin spot ETF, but were all rejected.

In January 2024, the SEC finally approved Bitcoin spot ETF applications from ARK 21 Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton.

- The first spot Bitcoin ETF began trading on January 11, with volume of $2 million in shares in the pre-market and showing double-digit gains on the Nasdaq.