Here's everything you need to know about Bitcoin ETFs: Listing, fees and more

investing.com:

The SEC's approval of 11 proposed spot Bitcoin ETFs on January 10 marks a significant milestone, affirming the growing acceptance and legitimacy of Bitcoin in traditional financial markets.

This development follows BlackRock's filing of an S-1 with the SEC in June 2023, signaling the initiation of the approval process.

“We have been adamant that a spot Bitcoin ETF approval would be the single most important catalyst for Bitcoin in the near term,” analysts at Cantor Fitzgerald said.

“In our view, an approved spot ETF boosts Bitcoin's accessibility, credibility, and network effects. We view today's approval as a landmark milestone in Bitcoin's short history, with substantial implications for long-term price appreciation.”

Here’s everything you need to know about Bitcoin ETFs.

Bitcoin ETFs listing

The ETFs will be listed on the following exchanges:

BZX

NYSE Arca

Nasdaq

Background

The groundwork for this approval was laid in August 2023 when a landmark decision in Grayscale Investments, LLC v. SEC deemed the SEC's denial of Grayscale's spot Bitcoin ETF as arbitrary and capricious.

The court emphasized the need for consistency in regulatory decisions, questioning the disparate treatment of spot Bitcoin ETFs compared to Bitcoin futures ETFs.

Nasdaq's filing of a 19b-4 form for a BlackRock Spot Bitcoin ETF set the stage for subsequent proposals from various asset managers. These filings included surveillance-sharing agreements to prevent market manipulation, showcasing the industry's dedication to addressing regulatory concerns.

Among the ETF proposals, the ARK 21Shares Bitcoin ETF stood out by amending its filing to include a Surveillance-Sharing Agreement (SSA) with the CME Futures markets. The final deadline for this