BREAKING: Bitcoin ETFs Approved to Trade
The approval and access of Bitcoin ETFs means traders can buy and sell shares of these ETFs without owning Bitcoin outright.
Today, the Securities Exchange Commission (SEC) approved Bitcoin exchange-traded funds available on the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE).
The varying ETFs (listed below) will have benchmark indices tied to transactions of Bitcoin on crypto exchanges as well as publicly-traded stocks like Coinbase (COIN 0.00%↑), MicroStrategy (MSTR 0.00%↑), Marathon Digital Holdings (MARA 0.00%↑), to name a few. So not only will the Bitcoin ETFs track the activity of the price of Bitcoin, but now the ETFs will include activity from the options market, a combination intended to mitigate volatility.
The approval and access of Bitcoin ETFs means traders can buy and sell shares of these ETFs without owning Bitcoin outright or without setting up digital wallets, and traders have greater levels of protection from the volatility often accompanied by owning cryptocurrencies.
Essentially, buy and sell shares of an ETF as traders normally would.
The list of ETFs that have been approved and will be available to trade as of tomorrow, January 11, are:
Ark 21 $ARKB
Bitwise $BITB
Blackrock IBIT 0.00%↑
Fidelity $FBTC
Franklin $EZBC
Grayscale $GBTC
Hashdex DEFI 0.00%↑
Invesco $BTCO
Valkyrie $BRRR
Vaneck $HODL
Wisdom Tree $BTCW
