Posted 1/11/2024, 3:35:00 AM
Bitcoin ETFs Greenlit by SEC, Set for Launch Thursday on Major Exchanges
- Spot bitcoin ETFs finally approved by SEC, set to start trading Thursday morning on major U.S. stock exchanges
- Products will allow mainstream investors easy exposure to bitcoin through existing brokerage accounts
- Many market makers and liquidity providers have prepared to support the new ETFs on day one
- While some initial interest is expected, adoption may be more gradual as investors review products
- Wealth advisers and institutional investors expected to go through education process before investing