Washington, D.C (Coinchapter.com): The U.S Securities and Exchange Commission approved the first regulated spot Bitcoin ETFs – Just one day after a false announcement from the SEC’s official Twitter account wreaked havoc on markets.
According to the securities regulator, 19b-4 applications from ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton were approved on Jan. 10, allowing the exchanges to list and trade spot Bitcoin ETFs. The filing was available for download on the SEC website for several minutes before an ‘Error 404’ message appeared, and then became live through another link.
As a result of this historic approval, investors will be able to invest directly in Bitcoin without having to purchase it or worry about self-custody through the first regulated exchange-traded product in the U.S. ETFs with Bitcoin as their underlying asset will be purchased by investors.
The ‘Error 404’ showing the SEC approved 11 spot Bitcoin ETF filings was unclear whether it was due to the commission pulling the document or an overload in site traffic. According to ETF analyst James Seyffart, the commission may not have intended to release the approval document when it did, but it will likely republish it anyway.
Story Continues….
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