"Market Anticipates SEC Decision on Pioneering Bitcoin ETFs"

1 min read
Source: Decrypt
"Market Anticipates SEC Decision on Pioneering Bitcoin ETFs"
Photo: Decrypt
TL;DR Summary

Grayscale, VanEck, and ARK have registered their Bitcoin ETFs to trade on various exchanges, with Grayscale aiming for NYSE Arca, VanEck for Cboe, and ARK in partnership with 21Shares also for Cboe. These registrations are a step forward, but the SEC's approval is still pending. The industry is highly anticipative of a potential SEC green light, which would allow U.S. investors to gain Bitcoin exposure through ETFs. Despite a recent Bitcoin price drop due to speculation over SEC rejections, the price has since recovered. The SEC has been in talks with exchanges, possibly preparing for Bitcoin ETF listings.

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