According to Reuters, the U.S. Securities and Exchange Commission (SEC) has approved Bitcoin spot ETF applications from 11 issuers, including Ark/21Shares, WisdomTree, Invesco, Grayscale, Blackrock, BitWise, VanEck, Fidelity, Valkyrie, Franklin, and Hashdex. The market is expected to start trading from Thursday.
As previously reported, the first stage of approving a spot Bitcoin ETF is for the SEC to sign a 19 b-4 filing. The SEC then needs to approve the issuer's S-1 filing, and if both are approved, the ETF can technically begin trading on the next business day.
