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The U.S. Securities and Exchange Commission (SEC) has approved 11 Bitcoin Exchange-Traded Fund (ETF) applications. These spot Bitcoin ETFs are expected to start trading soon. Here are the approved products and their proposed ticker symbols:
Blackrock's iShares Bitcoin Trust (IBIT)
ARK 21Shares Bitcoin ETF (ARKB)
WisdomTree Bitcoin Fund (BTCW)
Invesco Galaxy Bitcoin ETF (BTCO)
Bitwise Bitcoin ETF (BITB)
VanEck Bitcoin Trust (HODL)
Franklin Bitcoin ETF (EZBC)
Fidelity Wise Origin Bitcoin Trust (FBTC)
Valkyrie Bitcoin Fund (BRRR)
Grayscale Bitcoin Trust (GBTC)
Hashdex Bitcoin ETF (DEFI)
These ETFs are cleared to begin trading after receiving regulatory approval from the SEC. The approval of these Bitcoin ETFs is a significant development as it makes investing in Bitcoin more accessible, attracting more investors and assets into the crypto space.