Bitcoin Price Prediction as SEC Approves BlackRock’s Spot Bitcoin ETF – $1,000,000 BTC Possible?
The Bitcoin (BTC) price is experiencing choppy trading conditions in wake of the news that the SEC just multiple spot Bitcoin ETF application.
Last trading in just under $46,000, the Bitcoin price is close to 1% lower on the day.
The regulatory agency gave various US exchanges including NYSE, Nasdaq and Cboe Global Markets the green light to list and launch trade in various spot Bitcoin ETFs on Thursday.
The following companies have had their spot bitcoin etfs approved and will start trading tomorrow:
BlackRock
Fidelity
Ark Invest
VanEck
Bitwise
Franklin
Valkyrie
Hashdex
Grayscale
WisdomTree
Invesco Galaxy pic.twitter.com/f5ebxQVsEX
— Crypto Tea (@CryptoTea_) January 10, 2024
Investors have been eagerly waiting for the SEC to green-light spot Bitcoin ETFs ever since BlackRock and multiple other ETF providers filed their applications last June.
The arrival of spot Bitcoin ETFs, which give investors direct exposure to BTC without having to actually hold it, is a historic moment for the Bitcoin market.
The Bitcoin Spot ETF has been approved by the SEC.
Historic day.
Congratulations to everyone who worked tirelessly to get to this point.
Onwards!
— Pomp
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