{"id":1736,"date":"2024-01-11T05:39:07","date_gmt":"2024-01-11T05:39:07","guid":{"rendered":"http:\/\/localhost\/dpetkovski\/?p=1736"},"modified":"2024-07-03T19:44:33","modified_gmt":"2024-07-03T19:44:33","slug":"the-sec-approved-the-spot-bitcoin-etf","status":"publish","type":"post","link":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/","title":{"rendered":"The SEC Approved the Spot Bitcoin ETF"},"content":{"rendered":"<p>We&#8217;re witnessing history being made, ladies and gentlemen!<\/p>\n<p>The spot Bitcoin ETF is now approved in the US. Here&#8217;s the <a href=\"https:\/\/www.sec.gov\/news\/statement\/gensler-statement-spot-bitcoin-011023\">SEC&#8217;s statement<\/a>.<\/p>\n<p>The main reason for this update are my <a href=\"https:\/\/dpetkovski.com\/5-predictions-for-2024-cryptocurrency-edition\/#1_Bitcoin_ETF_Approval_in_the_US\">2024 predictions<\/a> where the Bitcoin ETF approval was the first one. Four more to go!<\/p>\n<p>These are the ETFs&#8217; providers and tickers:<\/p>\n<ul>\n<li><strong>iShares (BlackRock)<\/strong> &#8211; $IBIT<\/li>\n<li><strong>Fidelity<\/strong> &#8211; $FBTC<\/li>\n<li><strong>Grayscale<\/strong> &#8211; $GBTC<\/li>\n<li><strong>VanEck<\/strong> &#8211; $HODL<\/li>\n<li><strong>Wisdomtree<\/strong> &#8211; $BTCW<\/li>\n<li><strong>Bitwise<\/strong> &#8211; $BITB<\/li>\n<li><strong>Invesco Galaxy<\/strong> &#8211; $BTCO<\/li>\n<li><strong>Valkyrie<\/strong> &#8211; $BRRR<\/li>\n<li><strong>Ark 21Shares<\/strong> &#8211; $ARKB<\/li>\n<li><strong>Hashdex<\/strong> &#8211; $DEFI<\/li>\n<li><strong>Franklin<\/strong> &#8211; $EZBC<\/li>\n<\/ul>\n<p>I like Grayscale&#8217;s and Fidelity&#8217;s inclusion of the term &#8220;BTC&#8221;, prefixed with the fund&#8217;s initial.<\/p>\n<p>I also like VanEck&#8217;s $HODL and Valkyire&#8217;s $BRRR &#8211; great homage to Bitcoin&#8217;s meme culture.<\/p>\n<p>Hashdex seems to have missed a memo though &#8211; Bitcoin has nothing to do with DeFi. I&#8217;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&#8230; But who knows &#8211; probably only n00bs will buy these ETFs anyway.<\/p>\n<p>And lastly, $BTC&#8217;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.<\/p>\n<p><strong>I love every day in crypto.<\/strong><\/p>\n<p>PS Please don&#8217;t ask me what and when to buy. If you plan to, I recommend holding actual $BTC in <a href=\"https:\/\/dpetkovski.com\/self-custody-explained-not-your-keys-not-your-coins\/\">self-custody<\/a> instead of an IOU.<\/p>\n<hr \/>\n<p><em>If you want an introduction to Bitcoin without technical jargon and price speculation, check out my <strong>free series<\/strong>: <a href=\"https:\/\/dpetkovski.com\/bitcoin-for-beginners\/\"><strong>Bitcoin for Beginners<\/strong><\/a>.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&rsquo;re witnessing history being made, ladies and gentlemen! The spot Bitcoin ETF is now approved in the US. Here&rsquo;s the SEC&rsquo;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&rsquo; providers and tickers: iShares (BlackRock) &ndash;&nbsp;&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,9,13,17],"tags":[],"ppma_author":[4],"class_list":["post-1736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-cryptocurrency","category-finance-economics","category-stocks-etfs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The SEC Approved the Spot Bitcoin ETF - D. Petkovski<\/title>\n<meta name=\"description\" content=\"The securities and exchange commission (SEC) of the United States of America (USA) just approved a spot Bitcoin ETF. The boomers are coming!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The SEC Approved the Spot Bitcoin ETF - D. Petkovski","description":"The securities and exchange commission (SEC) of the United States of America (USA) just approved a spot Bitcoin ETF. The boomers are coming!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/#article","isPartOf":{"@id":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/"},"author":{"name":"D. Petkovski","@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"headline":"The SEC Approved the Spot Bitcoin ETF","datePublished":"2024-01-11T05:39:07+00:00","dateModified":"2024-07-03T19:44:33+00:00","mainEntityOfPage":{"@id":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/"},"wordCount":282,"publisher":{"@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"articleSection":["Bitcoin","Cryptocurrency","Finance &amp; Economics","Stocks &amp; ETFs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/","url":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/","name":"The SEC Approved the Spot Bitcoin ETF - D. 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The boomers are coming!","breadcrumb":{"@id":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/localhost\/dpetkovski\/the-sec-approved-the-spot-bitcoin-etf\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/localhost\/dpetkovski\/"},{"@type":"ListItem","position":2,"name":"The SEC Approved the Spot Bitcoin ETF"}]},{"@type":"WebSite","@id":"http:\/\/localhost\/dpetkovski\/#website","url":"http:\/\/localhost\/dpetkovski\/","name":"D. 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Petkovski \ud83d\udcd3 The Author\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Husband &amp; Father Software Engineer\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0StrengthCentric \u20bfitcoin Hodler\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0Long-Term Investor\u00a0 \ud83c\udf0d Everything Enthusiast \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\ud83d\udd25 Optimist READ MORE","sameAs":["https:\/\/facebook.com\/dpetkovski","https:\/\/www.instagram.com\/strengthcentric\/","https:\/\/twitter.com\/petkovskix"],"url":"http:\/\/localhost\/dpetkovski\/author\/petkovski\/"}]}},"authors":[{"term_id":4,"user_id":1,"is_guest":0,"slug":"petkovski","display_name":"D. Petkovski","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"","first_name":"","description":"<span style=\"font-size: 23px\">D. Petkovski<\/span> <br> <br>\r\n\r\n\ud83d\udcd3 The Author\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0  \u00a0 \u00a0 \u00a0 \u00a0<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f46a.svg\" alt=\"\ud83d\udc6a\" \/> Husband &amp; Father <\/span>\r\n<br>\r\n<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5a5.svg\" alt=\"\ud83d\udda5\ufe0f\" \/> Software Engineer\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4aa.svg\" alt=\"\ud83d\udcaa\" \/><\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0StrengthCentric <\/span>\r\n<br>\r\n<span class=\"r-18u37iz\"><img class=\"r-4qtqp9 r-dflpy8 r-zw8f10 r-10akycc r-h9hxbl r-9cviqr\" src=\"https:\/\/assets.coingecko.com\/coins\/images\/1\/large\/bitcoin.png?1696501400\" alt=\"\u20bf\" width=\"20\" height=\"20\" \/><\/span> \u20bfitcoin <span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">Hodler\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0   \u00a0                            \u00a0 \u00a0 \u00a0<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4c8.svg\" alt=\"\ud83d\udcc8\" \/><\/span>\u00a0<span class=\"r-18u37iz\">Long-Term Investor<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0<\/span>\r\n<br>\r\n\ud83c\udf0d Everything Enthusiast              \u00a0 \u00a0 \u00a0 \u00a0   \u00a0 \u00a0 \u00a0              \u00a0   \u00a0\ud83d\udd25 Optimist <br>\r\n\r\n<p style=\"text-align: left;margin-top:35px\"><a href=\"https:\/\/dpetkovski.com\/about\"><span style=\"background: #15d798;border-radius: 11px;padding: 13px 27px;color: #ffffff;font-weight: bold;font-size: 20px\">READ MORE<\/span><\/a><p>"}],"_links":{"self":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/1736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/comments?post=1736"}],"version-history":[{"count":7,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/1736\/revisions"}],"predecessor-version":[{"id":3471,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/1736\/revisions\/3471"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/media\/1738"}],"wp:attachment":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/media?parent=1736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/categories?post=1736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/tags?post=1736"},{"taxonomy":"author","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/ppma_author?post=1736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}