BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Spot Bitcoin ETF Officially Approved by the SEC (Really This Time)

by BlockNews.com Team
January 10, 2024
in CRYPTO, FEATURED, FINANCE
Reading Time: 3 mins read
A A
4
SHARES
62
VIEWS
Share on XShare in TelegramShare on Reddit
  • After years of rejection, the SEC finally approved the first spot bitcoin ETFs in the U.S., ending a 10-year saga and allowing investors direct exposure to bitcoin prices.
  • The SEC was forced to revisit its past denials after losing a court case overturning its rejection of Grayscale’s bitcoin ETF application.
  • On January 10, 2023, the SEC approved 19b-4 filings from 12 firms to list spot bitcoin ETFs, notably BlackRock which will charge 0.2% fees until the fund reaches $5 billion AUM.

The U.S. Securities and Exchange Commission (SEC) has officially approved the first regulated spot bitcoin (BTC) exchange-traded funds (ETFs) in the United States. This historic decision ends years of rejection and paves the way for investors to gain direct exposure to bitcoin prices without having to self-custody the cryptocurrency.

BREAKING: 🇺🇸 SEC OFFICIALLY APPROVES ALL SPOT #BITCOIN ETFs pic.twitter.com/uq2PJwpcav

— BlockNews.com (@blocknewsdotcom) January 10, 2024

Background on the Spot Bitcoin ETF Saga

The approval comes more than 10 years after Cameron and Tyler Winklevoss first applied to launch a bitcoin ETF in 2013. The SEC had consistently denied all spot bitcoin ETF requests, citing concerns over potential market manipulation and fraud.

However, the SEC was forced to revisit its position after Grayscale won a court case in August 2022 that overturned the SEC’s denial of its application to convert its Grayscale Bitcoin Trust into a spot bitcoin ETF.

Official SEC Approval of Spot Bitcoin ETFs

On January 10th, 2023, the securities regulator approved the 19b-4 applications from ARK 21Shares, Invesco, Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex and Franklin Templeton. This approval of the rule changes allows these firms to list and trade spot bitcoin ETFs on their respective exchanges.

The filing confirming the approval was briefly available on the SEC website before an Error 404 message appeared. Launching a spot bitcoin ETF in the United States requires the SEC to approve both the S-1 or S-3 and 19b-4 forms filed by the issuers.

On January 9th, ten issuers filed their final amended S-1 and S-3 filings, notably announcing the fees they intend to charge for their respective bitcoin ETFs. BlackRock, the world’s largest asset manager, will charge 0.2% fees until the fund reaches $5 billion in assets under management (AUM).

Potential Impact on Bitcoin Markets

With the spot bitcoin ETFs approved, the industry will closely monitor when the ETFs begin trading and their potential impact on bitcoin prices. Some estimates predict massive inflows into spot bitcoin ETFs in 2023. However, the bitcoin ETF launch may be a “sell the news” event if it fails to attract substantial new institutional investment.

Tags: Bitcoin ETFcryptoETFsec
Tweet1ShareShare
Previous Post

U.S. Rep Bought $65,000 Worth of Ethereum in 2024

Next Post

Everything You Need to Know About the Solana Monkes Airdrop

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.