Sunday, June 29, 2025
No Result
View All Result
newshub
  • Global news
  • Financial insights
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Europe
    • Banking
    • Corporate
    • Neobanking
    • Investment
    • Japan
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Fin & tech
    • AI
    • Blockchain
    • Crypto
    • MSTRpay
    • Tech
  • Climate & energy
    • Climate
    • Carbon
    • Coal
    • Disruptive
    • Gas
    • Nuclear
    • Oil
    • Solar
    • Water
    • Waves
    • Wind
    • Renewable
    • South America
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
    • Weekend longread
  • WEX
    • Alt Kap Holding AB
    • Digital Network Holding, Inc.
    • Fantas-E AB
    • International Clean Energy Inc.
    • Intritum Partner Limited
    • Intritum Recycling GH Limited
    • MSTRpay AB
    • SWAP Services, Inc.
    • VMT Holding, Inc.
    • Universal Streaming Technologies – USTA
    • TC Unterhaltungselektronik AG
  • Global news
  • Financial insights
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Europe
    • Banking
    • Corporate
    • Neobanking
    • Investment
    • Japan
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Fin & tech
    • AI
    • Blockchain
    • Crypto
    • MSTRpay
    • Tech
  • Climate & energy
    • Climate
    • Carbon
    • Coal
    • Disruptive
    • Gas
    • Nuclear
    • Oil
    • Solar
    • Water
    • Waves
    • Wind
    • Renewable
    • South America
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
    • Weekend longread
  • WEX
    • Alt Kap Holding AB
    • Digital Network Holding, Inc.
    • Fantas-E AB
    • International Clean Energy Inc.
    • Intritum Partner Limited
    • Intritum Recycling GH Limited
    • MSTRpay AB
    • SWAP Services, Inc.
    • VMT Holding, Inc.
    • Universal Streaming Technologies – USTA
    • TC Unterhaltungselektronik AG
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

SEC approves spot bitcoin ETFs for trading in the US

2024/01/11/09:04
in Crypto
Reading Time: 4 mins read
270 5
A A
Elon Musk alleges SBF donated over $1B to Democrats: “Where did it go?”
MSTRpay MSTRpay MSTRpay
ADVERTISEMENT
  • The Securities and Exchange Commission approved late Wednesday spot bitcoin ETFs for trading in the US.
  • The approval has been years in the making and offers investors an easy way to gain exposure to the cryptocurrency.
  • The price of bitcoin dropped about 1% to $45,620 following the SEC’s approval of the ETFs. 

The Securities and Exchange Commission late Wednesday approved spot bitcoin ETFs for trading in the US in a decision that has been years in the making.

The SEC approved 11 bitcoin ETF applications from different issuers, including Fidelity, BlackRock, and VanEck, among others, according to a document posted to their website.

The bitcoin ETF approvals by the SEC were on an accelerated basis, and trading in the ETFs will begin on Thursday, the regulator added. The price of bitcoin fell about 1% following the SEC’s approval of the ETFs to $45,620. 

Grayscale’s bitcoin ETF application was one of the 11 spot bitcoin ETFs that were approved, according to a statement from the company made to TheBlock. 

“I am happy to confirm that the Grayscale team has received necessary regulatory approvals to uplist GBTC to NYSE Arca, and we will share a press release with additional information shortly,” the Grayscale spokesperson said.

Grayscale’s successful lawsuit against the SEC helped kicked off the approval process for spot bitcoin ETFs, and a court ruling last year essentially forced Wednesday’s decision.

SEC Chair Gary Gensler remained skeptical about bitcoin, saying in a statement that it “is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.”

He added, “While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.”

The spot bitcoin ETFs are similar to spot gold ETFs in that they hold bitcoin as an underlying asset of the fund, unlike bitcoin futures ETFs, which have already been approved for trading and hold onto futures contracts tied to bitcoin.

Analysts expect the spot bitcoin ETFs to boost demand for bitcoin as investors and even financial advisors can now easily allocate money to the cryptocurrency, which has a total market value of more than $900 billion.

That’s because they would no longer have to jump through the hoops of opening up an account with a crypto custodian, buying the cryptocurrency directly, and dealing with different types of storage options for the asset.

Instead, a spot bitcoin ETF would allow a large swath of investors to gain exposure to the cryptocurrency from the convenience of their already established brokerage accounts.

The issuance of bitcoin ETFs from Wall Street giants should also give the asset class more credibility to traditional investors as big-name traditional asset management firms are launching bitcoin ETFs.

Booming demand could also send bitcoin’s price soaring. Standard Chartered said bitcoin ETFs could send the price to $200,000 by the end of 2025, while Fundstrat’s Tom Lee said bitcoin could reach as high as $150,000 in the next 12 months.

“If ETF-related inflows materialize as we expect, we think an end-2025 level closer to USD 200,000 is possible. This assumes that between 437,000 and 1.32mn new bitcoins will be held in spot US ETFs by end-2024,” Standard Chartered said in a note Monday, adding that inflows into the ETFs could be between $50 billion and $100 billion in their first year of trading.

Anticipation for a bitcoin ETF has been mounting for the past few weeks as various applicants offer more details about the fees they will be charging if their funds are approved. 

Approval of the spot bitcoin ETFs comes after the SEC’s X social media account was compromised and posted an unauthorized message late Tuesday that the bitcoin ETFs had been approved.

Gensler was quick to post a rebuttal to his X account to say that it was an unauthorized post and that the ETFs had not yet been approved.

Source: I N S I D E R

Related Posts

ChatGPT predicts Neo-banking vs. traditional banking in 2025
Crypto

How to use ChatGPT to build your crypto strategy and decode market signals

by newshub
3 days ago

As digital assets grow increasingly complex, traders and investors are turning to AI tools like ChatGPT to streamline their analysis....

Read moreDetails
Harnessing Grok for real-time cryptocurrency trading signals

Harnessing Grok for real-time cryptocurrency trading signals

4 days ago
Genius Act reignites debate over stablecoins and digital finance

Genius Act reignites debate over stablecoins and digital finance

5 days ago
Texas governor signs bill to add bitcoin to state reserves

Texas governor signs bill to add bitcoin to state reserves

6 days ago
US officials say they’re worried a Chinese-owned bitcoin mine in Wyoming will pose a national security threat

Bitcoin surges as safe-haven demand spikes following US strikes on Iran

1 week ago
Bitcoin price all-time highs driven by spot volumes — Analyst says $115K is next

Bitcoin teeters at $104K as traders brace for volatility

1 week ago
No Result
View All Result

Recent Posts

  • Tesla shares tumble as Musk’s political ties cost him billions
  • Elon Musk warns Senate bill threatens jobs and US competitiveness
  • Investors furious over stalled recovery in €1bn Dolphin fraud
  • Europe burns: deadly heatwave exposes cost of climate inaction
  • Stock of the week: LVMH eyes rebound as luxury stabilises in Asia

Recent Comments

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • Weekend longread
    • WEX
    • Wind

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • Tesla shares tumble as Musk’s political ties cost him billions
    • Elon Musk warns Senate bill threatens jobs and US competitiveness
    • Investors furious over stalled recovery in €1bn Dolphin fraud
    • Europe burns: deadly heatwave exposes cost of climate inaction
    • Stock of the week: LVMH eyes rebound as luxury stabilises in Asia

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • Digital Banking
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • Weekend longread
    • WEX
    • Wind

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    newshub

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure

    • Global news
    • Financial insights
    • Fin & tech
    • Climate & energy
    • Lifestyle
    • WEX

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Global news
    • Financial insights
      • Africa
      • Asia
      • Australia
      • Central Banks
      • China
      • Commodities
      • Europe
      • Banking
      • Corporate
      • Neobanking
      • Investment
      • Japan
      • South East Asia
      • Stock of the week
      • UK
      • US
    • Fin & tech
      • AI
      • Blockchain
      • Crypto
      • MSTRpay
      • Tech
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
      • Weekend longread
    • WEX
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • VMT Holding, Inc.
      • Universal Streaming Technologies – USTA
      • TC Unterhaltungselektronik AG

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure