SEC Gives Green Light to All Spot Bitcoin ETFs

• Spot Bitcoin ETFs Get the Green Light from SEC
• List of Approved Bitcoin ETFs
• BlackRock's iShare Bitcoin ETF
• Grayscale Investments Bitcoin ETF
• Fidelity Wise Origin Bitcoin Trust
• Ark Invest ARK21Shares Bitcoin ETF
• VanEck Bitcoin Trust
• Valkyrie Bitcoin Fund
• Invesco Galaxy Bitcoin ETF
• Franklin Templeton Digital Holdings Trust
• Bitwise Bitcoin ETF
• Hashdex Bitcoin Futures ETF
• WisdomTree Bitcoin Trust
• What's the Next Phase?

Spot Bitcoin ETFs Get the Green Light from SEC

In a significant event for the digital asset industry, the US Securities and Exchange Commission (SEC) has granted approval to all applications for Spot Bitcoin$42,260 -0.64% ETFs. This decision empowers asset management firms like BlackRock, Grayscale, and Valkyrie to launch their own Bitcoin-centered exchange-traded funds.

List of Approved Bitcoin ETFs

BlackRock's iShare Bitcoin ETF

BlackRock, one of the pioneering firms to gain approval, will offer iShares Bitcoin Trust (IBIT) with an initial disclosed fee of 0.30%. Furthermore, the firm announced a fee of 0.20% for the first $5 billion in assets for one year.

Grayscale Investments Bitcoin ETF

Grayscale Investments has won approval for its Grayscale Bitcoin Trust (GBTC). Additionally, the firm plans to transform its Bitcoin trust into a Spot Bitcoin ETF, with an initial fee revealed to be 1.5%.

Fidelity Wise Origin Bitcoin Trust

Another important approval went to Fidelity for its Wise Origin Bitcoin Trust (FBTC), with the traditional finance heavyweight disclosing fees of 0.39%.

Ark Invest ARK21Shares Bitcoin ETF

Another product gaining approval is the Ark Invest and 21 Shares' ARK 21Shares Bitcoin ETF (ARKB). The firm has disclosed fees of 0.25% and will waive all fees for six months or until the first $1 billion in assets.

VanEck Bitcoin Trust

VanEck, another asset management firm, has earned approval for its VanEck Bitcoin Trust (HODL), set to launch with a disclosed fee of 0.25%.

Valkyrie Bitcoin Fund

Valkyrie Digital Assets has been approved to launch its Valkyrie Bitcoin Fund (BRRR), offering a fee waiver for the first three months, followed by a 0.49% fee.

Invesco Galaxy Bitcoin ETF

Invesco and Galaxy Digital plan to introduce the Invesco Galaxy Bitcoin ETF (BTCO), offering a fee waiver for the initial six months or the first $5 billion in assets. Subsequently, fees will be set at 0.39%.

Franklin Templeton Digital Holdings Trust

Franklin$0.0015 -3.24% Templeton Digital Holdings Trust (EZBC) has also garnered approval from the SEC, with a proposed fee of 0.29%.

Bitwise Bitcoin ETF

Bitwise Asset Management has received approval to issue the Bitwise Bitcoin ETF (BITB). The firm will waive fees for the first six months or the first $1 billion in assets, after which a 0.20% fee will apply.

Hashdex Bitcoin Futures ETF

Hashdex has been approved to issue its Hashdex Bitcoin ETF (DEFI). The Spot Bitcoin ETF will impose fees of 0.90%.

WisdomTree Bitcoin Trust

WisdomTree has been approved to launch its WisdomTree Bitcoin Trust (BRCW), with a waiver for the initial 6 months or after the first $1 billion in assets. Thereafter, it will incur a 0.39% fee.

What's the Next Phase?

Now that these Spot Bitcoin ETF issuers have received SEC approval, the next phase is trading. Industry experts suggest that trading could commence as soon as Thursday morning. This development is expected to positively impact the price of Bitcoin, among other assets.

This path-breaking decision is expected to transform the industry and increase acceptance of Bitcoin as an asset with the introduction of the Spot ETF. Furthermore, it could pave the way for similar exposure for other digital assets through investment offerings.

Edited by Jonathan Stoker