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After a false start on Tuesday, the Securities and Exchange Commission on Wednesday finally approved spot Bitcoin ETFs.. In a filing, the agency announced that applications for 11 issuers ...
In what many hailed as a landmark decision — and after years of anticipation and stalling — the Securities and Exchange Commission (SEC) approved spot Bitcoin exchange traded funds (ETFs) on ...
Bitcoin investor Microstrategy gained 7% and crypto exchange Coinbase 4%, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, added 3.7%. Shares of retail trader-focused ...
The spot Bitcoin ETF run by the world’s largest asset manager, BlackRock, showed its early dominance in becoming the first among a newly approved group of crypto-linked financial products to ...
Since then, the SEC has denied more than 30 similar applications. A key turnaround moment came last year in June when the world’s biggest money manager, BlackRock, filed for a spot bitcoin ETF.
Even so, the SEC seems set on having coordinated launches to avoid a situation like ProShares’ Bitcoin futures ETF, which launched in 2021 and has captured over 90% market share. $2 billion
On Thursday, BlackRock received a record $612 million into its industry-leading Bitcoin ETF and crossed $10 billion in assets under management, a day after the asset class hit a high of $7.7 ...
The SEC has so far denied all spot bitcoin ETF applications, citing potential for fraud, but market participants have been hopeful of an approval early next year. BlackRock, the world's largest ...