Bitcoin Spot ETF Approved

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The U.S. Securities and Exchange Commission (SEC) has approved 11 spot bitcoin exchange traded funds (ETFs), including those from largen money-manager such as BlackRock, Fidelity and Invesco. according to a statement on Wednesday (10-Jan).

Full list of approved ETFs 

  • Grayscale Bitcoin Trust
  • Bitwise Bitcoin ETF
  • Hashdex Bitcoin ETF
  • iShares Bitcoin Trust
  • Valkyrie Bitcoin Fund
  • ARK 21Shares Bitcoin ETF
  • Invesco Galaxy Bitcoin ETF
  • VanEck Bitcoin Trust
  • WisdomTree Bitcoin Fund
  • Fidelity Wise Origin Bitcoin Fund
  • Franklin Bitcoin ETF

The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.

The official SEC statement at https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

About BlackRock

BlackRock, founded in 1988 by Laurence D. Fink, has emerged as a global powerhouse in the financial industry. The company has grown to become the world's largest asset management firm, playing a pivotal role in shaping investment strategies, influencing corporate governance, and navigating the complexities of the global financial landscape.

Headquartered in New York City, BlackRock manages assets on behalf of a diverse clientele, including institutional investors, governments, and individual investors. The firm's expertise spans across various asset classes, such as equities, fixed income, alternatives, and multi-asset solutions. BlackRock's distinctive approach is rooted in its commitment to technology and data analytics, enabling it to make informed investment decisions and provide clients with innovative solutions.

BlackRock is renowned for its focus on long-term investing and risk management. The firm emphasizes the importance of sustainable investing, acknowledging the growing awareness of environmental, social, and governance (ESG) factors. BlackRock has actively encouraged companies to embrace ESG principles, emphasizing the long-term benefits of responsible business practices.

BlackRock wields significant influence over corporate governance due to its extensive holdings in numerous companies worldwide. The firm engages with companies on governance matters, advocating for transparency, shareholder rights, and sustainable practices. Through its stewardship initiatives, BlackRock encourages companies to align their strategies with the long-term interests of shareholders and broader societal concerns.

BlackRock stands as a formidable force in the world of finance, navigating the complexities of the global economy with a commitment to technology, sustainability, and responsible investing. As the financial landscape continues to evolve, BlackRock's influence is likely to persist, shaping the way investors approach markets and emphasizing the importance of long-term, sustainable strategies.

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