Did SEC approve bitcoin ETFs?

Gary Gensler's SEC just approved bitcoin ETFs. (Jesse Hamilton/CoinDesk) U.S. Securities and Exchange Commission Chair Gary Gensler released this statement after the regulator approved spot bitcoin ETFs: Jan. 10, 2024 Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.

Did the SEC approve 11 spot bitcoin ETF applications?

The SEC finally approved 11 spot bitcoin ETF applications late Wednesday. Trading launched Thursday. ETFs lost ground as bitcoin reversed from $49,000.

What is a bitcoin exchange-traded fund (ETF)?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights Jan 10 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Wednesday approved the first U.S. exchange-traded fund (ETF) that tracks the price of bitcoin, in a major victory for the digital asset industry which has been trying for a decade to launch such a product