SEC has finally approved 11 spot Bitcoin ETFs

[⭐ Warfare]

After many tribulations, the day has come for SEC to finally approve the spot Bitcoin ETFs.

These are the 11 approved spot Bitcoin ETFs:

1. Grayscale Bitcoin Trust ETF
2. Bitwise Bitcoin ETF
3. Hashdex Bitcoin ETF
4. iShares Bitcoin ETF
5. Valkyrie Bitcoin ETF
6. ARK 21Shares ETF
7. Galaxy Bitcoin ETF
8. VanEck Bitcoin ETF
9. WisdomTree Bitcoin ETF
10. Fidelity Wise Bitcoin ETF
11. Franklin Bitcoin ETF

Statement from the official SEC website:
https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

[⭐ Peter]

BTC on its way to become a respected investment 😀

BTC people no freak investors anymore!

 

 

 

[⭐ Warfare]

Spot Bitcoin ETFs had over $4.6 billion in trading volume on the opening day

Top 5 in trading volume:
1. Grayscale
2. BlackRock
3. Fidelity
4. ARK
5. BitWise

Half of this volume was from Grayscale Bitcoin Trust BTC ($2.3 billion).

[⭐ Warfare]

Flow numbers for day 1 of the spot Bitcoin ETFs

Bitwise has $237m of inflows.
Fidelity has $227m of inflows.
BlackRock has $111m of inflows.
Grayscale is the only one with $95m of outflows.

In terms of assets, Grayscale is leading, followed by Fidelity and Bitwise.

[⭐ Warfare]

Day 2 of spot Bitcoin ETFs had $3.1 billion in trading volume

Grayscale, BlackRock and Fidelity are still leading the pack.
This brings the total trading volume for the first two days to nearly $7.9 billion.

[Sandrina]

After all, the total mass of Bitcoins is greater. How could transaction costs exceed that amount? But only now, after taking a little break post-intensive, did I realize how little I actually knew about trading cryptocurrency before. Like, 2 years ago, I already had some experience with crypto, having bought about $1000 worth of Bitcoin when the rate was at 19K. But the first panic in the volatile asset market totally threw me off, and three months later I ended up selling it at the same price I had earlier bought it. It was an absolute fiasco. But my parents said that if I didn't lose money, then I didn't really lose anything. And that I was still young and inexperienced enough to make these decisions on my own. My dad found Thomas Kralow courses for me as he read Best Day Trading Courses in 2023 reviews, and even personally checked out their introductory webinar to see if it was worth it. He's an investor too. His only advice was to switch to a different asset since I was already late to the Bitcoin game. The rate had gone up too far. Anyway, I took the courses. And, in fact, I got the hang of both. I found it relatively good that the instructors tactfully taught me not to succumb to uncontrollable panic, but to make balanced decisions based on the investment advice they gave step by step. Long story short, thank God, I passed the exam. Now I'm going to practice with real assets.