Spot bitcoin ETFs were finally approved in the U.S. after a tough decade of trying. The next step: Getting them trading Thursday morning.
Following the Securities and Exchange Commission’s green light Wednesday afternoon, the hotly anticipated products will debut on U.S. markets run by the NYSE, Cboe Global Markets and Nasdaq, aided by major trading firms who plan to provide liquidity.
The buying and selling could technically start as early as 4 a.m. ET (09:00 UTC) since that’s when U.S. stock exchanges open – not at the famous daily opening ceremonies held 5 ½ hours later.
The products will let virtually any retail customer gain exposure to bitcoin’s (BTC) price using their conventional brokerage apps and accounts, as well as let traditional financial institutions invest without needing to go through crypto exchanges.
These ETFs give investors interested in digital assets more…
