BREAKING: SEC Green-lights TWELVE Spot Bitcoin ETF’s, Markets Surge On Long Awaited Regulatory Nod

Both NASDAQ & CBOE Exchange (arguably the most important names globally in traditional equities markets) requested regulatory amendments from the SEC attempting once more to lead the charge as countless fund management firms submit listing applications for a spot-Bitcoin ETF of theirs. 

“ NYSE Arca proposes to list and trade shares of (1) the Grayscale Bitcoin Trust3 and (2) the Bitwise Bitcoin ETF under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares), and (3) the Hashdex Bitcoin ETF under NYSE Arca Rule 8.500-E (Trust Units); Nasdaq proposes to list and trade shares of (4) the iShares Bitcoin Trust and (5) the Valkyrie Bitcoin Fund under Nasdaq Rule
5711(d) (Commodity-Based Trust Shares); and BZX proposes to list and trade shares of (6) the ARK 21Shares Bitcoin ETF, (7) the Invesco Galaxy Bitcoin ETF, (8) the VanEck Bitcoin Trust, (9) the WisdomTree Bitcoin Fund, (10) the Fidelity Wise Origin Bitcoin Fund, and (11) the Franklin Bitcoin ETF under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares). “

Less the legal jargon, this was what followed-
 
“ IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,97 that the Proposals *all previously mentioned listing applications on behalf of CBOE & NASDAQ* be, and hereby are, approved on an accelerated basis. “

—— Securities & Exchanges Committee of The United States of America. Wednesday January 10th 2024.

The exact launch is expected to be as soon as tomorrow by analysts. Markets are surging on the news. More to come.