Exciting News: Spot Bitcoin ETFs Approved!
After a turbulent start on Jan. 9, the Securities and Exchange Commission has officially given the green light to several spot Bitcoin exchange traded funds (ETFs). This approval is a historic milestone as it marks the first regulated ETF in the US to offer investors direct exposure to Bitcoin’s price without self-custody concerns. Major asset managers like Black Rock, Bitwise, and VanEck have disclosed their fees, some even waiving initial fees or offering fee reductions. Analysts predict significant inflows, with estimates ranging from $2.4 billion to $14 billion in the first year. Now, you can eagerly await the trading commencement for all the latest crypto news and updates by subscribing to the official CoinTelegraph YouTube channel.
Hot Take: Don’t Miss Out on the Spot Bitcoin ETFs Approval! 🚀
The US Securities and Exchange Commission has officially approved multiple spot Bitcoin exchange traded funds. This marks a historic development after years of denials, and this is the first regulated ETF in the US to provide investors with direct exposure to Bitcoin’s price without self-custody concerns. The approval follows a false start on January 9th and analysts predict significant inflows, with estimates ranging from $2.4 billion to $14 billion in the first year. Major asset managers like Black Rock, Bitwise, and VanEck have disclosed their fees, with some waiving initial fees or offering fee reductions. Stay informed about all the latest crypto news and updates by subscribing to the official CoinTelegraph YouTube channel.
Source: Youtube
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