When did bitcoin ETFs get approved by the SEC?

The journey began in 2013 when an entity affiliated with the Winklevoss twins sent the first application for such a financial product to the SEC. While that application was eventually rejected, bitcoin ETFs based on futures products were eventually approved by the SEC starting in 2021.

Will a spot bitcoin ETF be approved by the SEC?

In a bid to appeal to investors, many issuers slashed and offered waivers to their spot bitcoin ETF fees ahead of the SEC nod. It has been a long road for the approval of a spot bitcoin ETF in the United States.

Should Bitcoin investors be worried about SEC crackdown?

Sam Callahan, lead analyst at Swan Bitcoin, says Bitcoin investors have no reason to be concerned about the SEC’s aggressive crackdown. “Bitcoin has been deemed a commodity, and when one takes self-custody of their Bitcoin, they no longer need to trust an exchange or any intermediary.