US Officially Approves ETF Transactions for Bitcoin

The SEC announced that it has approved ETF transactions for Bitcoin. Thus, trading funds for Bitcoin futures became legal.


The United States Securities and Exchange Commission (SEC) recently announced that it has approved ETF transactions for Bitcoin, the world's most popular cryptocurrency, in a statement published on its official website.

Immediately after the announcement, the Chicago Options Exchange (CBOE), the largest options exchange in the USA, announced that it will launch ETF transactions for Bitcoin starting tomorrow. Thus, fund trading in Bitcoin futures transactions became legal.


Currently, to make any transaction with Bitcoin, you had to directly own Bitcoin. Once the SEC approves the ETF, CBOE will open one or more spot Bitcoin exchange-traded funds for trading. Thus, it will be possible to carry out transactions with Bitcoin-related investment products without purchasing Bitcoin directly. Investors will now be able to invest in these funds instead of purchasing Bitcoin directly.


Bitcoin ETFs approved by the SEC are as follows:

• BlackRock
• Ark Invest
• Grayscale
• VanEck
• Bitwise
• Fidelity
• Hashdex
• WisdomTree
• Invesco
• Galaxy
• Franklin
• Valkyrie

In fact, it is difficult to say that everything happened out of the blue. The industry has already been waiting for the SEC to approve Bitcoin ETFs for some time. In fact, this is the reason why Bitcoin increased its value to 47 thousand dollars. The possibility of Bitcoin being traded in mainstream financial markets started to increase investors' interest in Bitcoin again.

With this decision, there is a possibility that Bitcoin will increase its value again. However, in its article announcing its approval of ETFs, the SEC clearly underlines that Bitcoin is a highly speculative investment tool. Therefore, we definitely do not recommend you to invest all your wealth in Bitcoin because you read the news and think "Bitcoin will fly".