The Securities and Exchange Commission has officially approved 11 Spot Bitcoin ETF applications. This comes after months of anticipation. This approval effectively opens the doors for investors in the equity markets to gain exposure to Bitcoin through stock exchanges. These 11 Spot Bitcoin ETF applications could be available for trading from as early as 11th Jan. The exchanges which enable trading of Spot ETFs are Chicago Board Options Exchange(CBOE), NASDAQ and New York Stock Exchange(NYSE). The detailed description of issuers of ETFs along with the custodians for these ETFs is listed in the table below.
| Institution | Tickername | Exchange | Bitcoin custodian |
| ARK 21Shares Bitcoin ETF | ARKB | CBOC | Coinbase |
| Bitwise Bitcoin ETP Trust | BITB | NYSE | Coinbase |
| Fidelity Wise Origin Bitcoin Trust | FBTC | CBOE | Self-Custody |
| Franklin Bitcoin ETF | EZBC | CBOE | Coinbase |
| Grayscale Bitcoin Trust (conversion) | GBTC | NYSE | Coinbase |
| Hashdex Bitcoin ETF | DEFI | NYSE | BitGo |
| Invesco Galaxy Bitcoin ETF | BTCO | CBOE | Coinbase |
| iShares Bitcoin Trust | IBIT | Nasdaq | Coinbase |
| Valkyrie Bitcoin Fund | BRRR | Nasdaq | Coinbase |
| VanEck Bitcoin Trust | HODL | CBOE | Gemini |
| WisdomTree Bitcoin Trust | BTCW | CBOE | Coinbase |
Conclusion
SEC’s approval of ETFs marks an important moment in Bitcoin’s history. Bitcoin’s market cap is inching towards $900 billion and with large institutions now opening the doors to more investors, we can hopefully see positive momentum. Nevertheless, it is important to weigh your risks and trade after extensive research. Investors are advised to do their own through analysis before investing in the crypto market.
Read more: What is Spot Bitcoin ETF
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