From Nasdaq:

The SEC has approved 11 issuers for spot Bitcoin ETFs, with companies like Grayscale and BlackRock included in the list. The trading of Bitcoin ETFs started on Thursday, bringing excitement for investors and a surge in BTC value by 164% at the end of 2023, pushing it above $45,000.

Matrixport’s speculation caused a 10% dip in BTC prices last week, but with the SEC’s approval, the crypto world can now hope for a significant rise in market value.

Despite SEC’s regulation efforts, the crypto industry maintains its hope on Bitcoin ETFs to reach new heights in 2024. With upcoming events like halving in April, Bitcoin is expected to lead the way out of the extended bear market, providing viable alternatives to the fiat currency.



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