The SEC has permitted 11 spot Bitcoin exchange-traded funds, the company introduced Wednesday. This information comes a day after the SEC's X (previously Twitter) account was hacked and printed the identical information.

The approval contains ETFs comparable to Grayscale, Bitwise, and HashDex.

Grayscale has confirmed that it has obtained approval from the SEC to transform the Grayscale Belief right into a Spot Bitcoin ETF.

SEC Chairman Gary Gensler mentioned the Grayscale court docket's determination was the impetus for approval. He added that the approval will additional enhance oversight.

This approval is believed to revolutionize the Bitcoin panorama, permitting each institutional and retail traders to entry the world's largest cryptocurrency with out the necessity for direct possession.

Bitcoin final traded modestly at $45,706. It has risen 67% up to now three months in anticipation of ETF approval.