U.S. SEC Approves Bitcoin Spot ETFs

The U.S. Securities and Exchange Commission (SEC) has greenlit Bitcoin Spot ETF applications from a string of major issuers. This landmark decision did not come about impulsively; it follows a meticulous process involving the approval of issuer-specific 19b-4 documents, followed by S-1 application approvals. Upon the vesting of both approvals, the ETF is eligible for trading immediately from the subsequent business day. The momentous SEC ruling was broadcasted on the 10th of January at 21:00 (UTC). The applicants who made the cut include Ark/21Shares, WisdomTree, Invesco, Fidelity, VanEck, Grayscale, Blackrock, Bitwise, Valkyrie, and Franklin. The launch of these ETFs for public trading is anticipated to take place on the forthcoming Thursday.