Bitcoin ETF: Liberation after 10 years of waiting!

That’s it ! Spot Bitcoin ETFs finally got the green light from the SEC last night, ending a decade-long wait. Now these financial instruments will be available on US markets managed by giants such as Cboe Global Markets and Nasdaq. It’s the beginning of a new era!

Bitcoin ETF, D-Day!

The Securities and Exchange Commission made official the validation of Bitcoin Spot ETFs the day before the deadline. However, Gary Gensler caused confusion by mentioning an alleged hack of his agency’s X account. A moment of frustration for the crypto community and financial players eager to see their trackers approved.

But last night, the president of the SEC clarified the situation with an official announcement of approval of spot Bitcoin ETFs on the market. Finally !

ANALYSIS: Ten years after their first proposal, spot bitcoin ETFs are launched in the United States. Here is what their issuers and exchanges expect. »

In theory, the Bitcoin ETF trading could begin as early as 4 a.m.or 9 a.m. UTC, according to CoinDesk. Unlike the usual 5:30 a.m. opening ceremonies at major U.S. exchanges, bitcoin spot ETFs will get preferred treatment. Cboe has also announced a launch from January 11.

Cynthia Lo Bessette, head of digital asset management at Fidelity, sees ETFs as an additional choice for digital asset enthusiasts.

We have long believed that a spot exchange-traded product would be a effective way for investors to gain exposure to bitcoin. As a company, we continue to provide them with tools that support their choices and facilitate secure access to markets,” she explains.

For the spokesperson for Cboe Global Markets, “ approval marks a major step forward in establishing crypto as a tradable asset class, paving the way for new trading opportunities “.

This is a victory for crypto traders, a significant milestone for crypto as an asset class. And all this, despite Gary Gensler’s warnings in his latest Twitter thread.

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