Spot Bitcoin ETF approved.

Samiksha

Finance news app Zhitong Caijing has learned that the U.S. Securities and Exchange Commission (SEC) approved the Spot Bitcoin Exchange Traded Fund (ETF) on January 10th, local time. However, many investors have found that approval does not necessarily mean availability.

A spokesperson for Vanguard Group stated that the company's brokerage department will not offer spot Bitcoin ETF trading services. An informed source mentioned that Merrill Edge, a subsidiary of Bank of America, is still evaluating whether to provide this service. Another source indicated that UBS is offering some spot Bitcoin ETFs to certain wealth management clients with brokerage accounts who actively approached UBS.

After years of speculation in the cryptocurrency industry, nearly 12 spot Bitcoin ETFs received approval from U.S. regulatory authorities on Wednesday. This milestone decision has triggered a surge in demand for spot Bitcoin ETFs. However, even with regulatory approval, whether a company provides spot Bitcoin ETF trading depends on the company itself. Some companies may be hesitant to engage in this highly volatile asset class.

Ritu77

Approval is indeed a good thing.

Jiten171

It seems that it has already obtained approval now.

Kapil334

It's time to take a look at this asset.

Shri333

The specific listing time hasn't been announced yet.