Spot Bitcoin ETFs are about to begin trading, igniting a competitive race for market presence.

Multiple exchange-traded funds (ETFs) that are tied to the spot price of Bitcoin are ready to begin trading in the US on Thursday just ahead of market hours, marking a crucial moment for a cryptocurrency sector that has actively sought regulatory approval for more than a decade. Bitcoin The Securities and Exchange Commission (SEC) granted approval late Wednesday, indicating a positive outcome for 11 spot Bitcoin ETFs. This decision wraps up months of discussions with leading asset management firms such as BlackRock, Ark Investments, 21Shares, Fidelity, Invesco, and VanEck.

The approval While BlackRock’s iShares Bitcoin Trust and Grayscale Bitcoin Trust kicked off their trading in premarket sessions, the VanEck Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and ARK 21Shares Bitcoin ETF are slated to begin trading on Thursday. SEC Investment Managers Competing for Market Share 

This green light from regulators is expected to spark serious competition amongst providers, who have already lowered fees for their offerings well below typical rates in the US ETF market. trading Given that all ETFs following an asset's price aim to deliver identical returns to investors, fees play a critical role in determining market share. As a result, issuers have slashed fees to as low as 0.20%, and some have even offered to waive them temporarily until they hit certain asset thresholds. 

Additionally, numerous ETF issuers such as Bitwise and VanEck have launched marketing initiatives designed to promote their products, positioning Bitcoin as a strong investment opportunity.

Leading up to the SEC’s decision, Bitcoin (BTC) saw a remarkable price increase of over 150% in 2023, with its market cap surpassing $900 billion as of January 10, according to CoinGecko. In a muted response to the developments, the flagship cryptocurrency briefly touched $47,000.  

The Ethereum (ETH) blockchain also saw a rise, increasing by 5% to reach $2,653.8, hitting its highest level since May 2022. revealed fees Previously, the SEC turned down all spot Bitcoin ETF applications due to worries surrounding investor safety. However, expectations grew last year for a shift in these policies after a federal appeals court ruled that the agency had erred in denying a bid to convert its existing Bitcoin Trust into a spot Bitcoin ETF.

The SEC's approval of several spot Bitcoin ETFs marks a groundbreaking achievement for the cryptocurrency sector after years of waiting for regulatory approvals. This milestone opens the stage for a heated competition among issuers as soon as all the ETFs hit the market.

Bitcoin Rallies Post SEC’s Approval  

Securities and Exchange Commission,

Meanwhile, the token supporting the Ethereum Please remember that the information available on this page should not be taken as legal, tax, investment, financial, or any other form of advice. It's important to invest only what you can afford to lose and consider seeking independent financial counsel if you have any uncertainties. For more information, please refer to the terms and conditions, as well as the support resources from the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but market dynamics can change with little notice.

Alisa, a dedicated journalist at MetaversePost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the broad domain of Web3. With a strong ability to spot emerging trends and technological advancements, she provides in-depth analysis to keep readers informed and engaged in the fast-moving world of digital finance. Grayscale’s Blum is celebrating its first anniversary by winning awards for ‘Best GameFi App’ and ‘Best Trading App’ at the Blockchain Forum 2025.

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