SEC Approves Spot Bitcoin ETFs

Bitcoin ETF has been approved. With all 11 funds (BTCUSD) being approved, investors expect an initial inflow to flow around $1-$2 ten billion dollars. After approval, spot bitcoin ETF is expected to pave the way for those Giant Institutional Investor with AUM around $100 trillion dollars Used to create investment tools to attract money from the Traditional Finance side to Bitcoin for the first time. The price of Bitcoin fluctuates severely. With the rebound of the tap price $47,800 coins Before the price falls back to the area $45,600 after SEC announced approval of spot Bitcoin ETF and stable in the framework $46,000 (+1.52%)

Read more  : https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023