After the Securities and Exchange Commission’s milestone decision to approve spot bitcoin ETFs Wednesday, industry executives and analysts agree such products are set to open up the segment to more investors.
The regulator cleared such proposals by BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Valkyrie, Invesco, WisdomTree, Franklin Templeton and Hashdex, as well as one by Ark Invest and 21Shares, according to a Wednesday filing.
The funds are expected to list in short order, with BlackRock, Grayscale and Fidelity saying in statements they intend for their funds to start trading Thursday.
Read more: SEC officially approves spot bitcoin ETFs in landmark decision
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