The SEC Approved the Spot Bitcoin ETF

--- by D. Petkovski ---

We’re witnessing history being made, ladies and gentlemen!

The spot Bitcoin ETF is now approved in the US. Here’s the SEC’s statement.

The main reason for this update are my 2024 predictions where the Bitcoin ETF approval was the first one. Four more to go!

These are the ETFs’ providers and tickers:

iShares (BlackRock) – $IBIT
Fidelity – $FBTC
Grayscale – $GBTC
VanEck – $HODL
Wisdomtree – $BTCW
Bitwise – $BITB
Invesco Galaxy – $BTCO
Valkyrie – $BRRR
Ark 21Shares – $ARKB
Hashdex – $DEFI
Franklin – $EZBC

I like Grayscale’s and Fidelity’s inclusion of the term “BTC”, prefixed with the fund’s initial.

I also like VanEck’s $HODL and Valkyire’s $BRRR – great homage to Bitcoin’s meme culture.

Hashdex seems to have missed a memo though – Bitcoin has nothing to do with DeFi. I’d suggest them to keep that ticker for an $ETH ETF or an eventual crypto index tracker. Relating $BTC to decentralized finance does a bit of a reputational damage from my perspective… But who knows – probably only n00bs will buy these ETFs anyway.

And lastly, $BTC’s price is up today, but $ETH is surging (10% daily candle). I think the potential for an Ethereum ETF starts getting priced in, now that the flood gates are open.

I love every day in crypto.

PS Please don’t ask me what and when to buy. If you plan to, I recommend holding actual $BTC in self-custody instead of an IOU.

If you want an introduction to Bitcoin without technical jargon and price speculation, check out my free series: Bitcoin for Beginners.

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D. Petkovski

📓 The Author Husband & Father
Software Engineer StrengthCentric
₿itcoin Hodler Long-Term Investor
🌍 Everything Enthusiast 🔥 Optimist

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The SEC Approved the Spot Bitcoin ETF

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