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.

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.

Could a spot bitcoin ETF Open the door to new investors?

A spot bitcoin ETF could open the door to many new investors who don’t want to take such extra steps. The price of bitcoin has already soared in anticipation of the SEC’s approval, with bitcoin trading at $47,500 Thursday, up from around $27,000 in mid-October.