In a historic move, the US Securities and Exchange Commission (SEC) has given the green light to Bitcoin Spot ETF, marking January 10 as a significant day for BTC holders. This approval has sparked fee wars among issuers, with experts predicting that BlackRock, Fidelity, and Grayscale BTC ETFs could endure in the long run by offering near-zero fees to market participants.
Following this development, Ethereum (ETH) is trading with a bullish bias, fueled by the expectation that an ETH spot exchange-traded fund (ETF) will soon hit the market. This anticipation comes after the SEC’s approval of the BTC ETF. The excitement in the ETH market has also impacted the blockchain’s Layer 2 (L2) tokens, which are experiencing a surge.
In an unprecedented decision, the US SEC has approved all Bitcoin spot ETFs on Wednesday, January 10. This landmark decision has set a new precedent in the cryptocurrency market.
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| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | US Securities and Exchange Commission, BlackRock, Fidelity, FXStreet, Grayscale |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
