Crypto world - Spot Bitcoin ETFs Debut on US Exchanges After SEC Approval - cryptocurrency

On January 10, 2024, the United States Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs). This was a landmark decision that paves the way for institutional investors to gain exposure to Bitcoin through regulated securities.

As of January 11, 2024, shares of several spot Bitcoin ETFs have started trading on exchanges.

Summary Of The Current Prices:

                ARK 21Shares: $50.18 (ARKB)

                Invesco Galaxy: $49.59 (BTCO)

                WisdomTree: $52.13 (BTCW)

                Fidelity: $44.40 (FBTC)

                Franklin Templeton: $28.48 (EZBC)

                VanEck: $54.92 (HODL)

                Valkyrie Bitcoin Fund: $14.10 (BRRR)

                iShares Bitcoin Trust: $28.64 (IBIT)

                Grayscale Bitcoin Trust: $42.97 (GBTC)

                Bitwise Bitcoin Trust: $26.80 (BITB)

                Hashdex Bitcoin Futures ETF: $60.00 (DEFI)

The prices of the ETFs have been volatile in their early trading, but there is a general trend of upward movement. This suggests that institutional investors are eager to gain exposure to Bitcoin through regulated securities.

The SEC’s approval of spot Bitcoin ETFs is a significant step forward for the cryptocurrency industry. It will likely lead to increased institutional adoption of Bitcoin and could help to legitimize the cryptocurrency as an investment asset class.

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