The US Securities and Exchange Commission has approved a slew of spot bitcoin ETFs, including ones from Grayscale, Hashdex, and Bitwise. In a statement to Yahoo Finance, a Grayscale spokesperson said "I am happy to confirm that the Grayscale team has received necessary regulatory approvals to uplist GBTC to NYSE Arca." Yahoo Finance's Julie Hyman and Josh Lipton report the breaking details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
The US Securities and Exchange Commission has approved a slew of spot bitcoin ETFs, including ones from Grayscale, Hashdex, and Bitwise. In a statement to Yahoo Finance, a Grayscale spokesperson said "I am happy to confirm that the Grayscale team has received necessary regulatory approvals to uplist GBTC to NYSE Arca."
Yahoo Finance's Julie Hyman and Josh Lipton report the breaking details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich
The Wall Street Journal
Bitcoin held steady Wednesday afternoon after the Securities and Exchange Commission [cleared the way](https://www.wsj.com/finance/regulation/sec-approves-bitcoin-etfs-for-everyday-investors-dc3125ef) for the first U.S. exchange-traded funds that hold bitcoin to be sold to the public. "I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares," SEC Chair Gary Gensler [said in a statement](https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023) issued after the close of the stock market's regular session. Bitcoin recently traded a bit below $46,000, according to CoinDesk data.
CoinDesk
The crypto industry can breathe a sigh of relief: It looks like a federal U.S. regulator will let the world's largest traditional finance asset managers and other firms list and trade shares of a vehicle giving retail and institutional investors exposure to the price of a decentralized, trustless, stateless digital asset (if you're in the U.S.). But of course, the bitcoin exchange-traded fund (ETF) drama wouldn't be complete without, well, drama.
Reuters
WASHINGTON/NEW YORK (Reuters) -The U.S. securities regulator on Wednesday approved the first U.S-listed exchange traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world's largest cryptocurrency and the broader crypto industry. The agency approved applications, including from BlackRock, Ark Investments and 21Shares, Fidelity, Invesco, and VanEck, among others, according to a notice on its website. The products - a decade in the making - would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.
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