BREAKING: SEC Approves All Bitcoin ETF Applications
In recent times, the digital asset industry has been abuzz with anticipation regarding Spot Bitcoin ETFs.
Over a dozen firms sought approval from the US Securities and Exchange Commission (SEC), and within the first ten days of the new year, the SEC granted approval for All Spot Bitcoin ETFs.
This milestone allows major asset management firms like BlackRock, Grayscale, and Valkyrie to launch their Bitcoin-focused exchange-traded funds. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) received approval with an initial fee of 0.25%, decreasing to 0.20% for the first $5 billion in assets during the initial 12 months.
Grayscale Investments also got the green light for its Grayscale Bitcoin Trust (GBTC), transitioning into a Spot Bitcoin ETF with an initial fee of 1.5%. Fidelity’s Wise Origin Bitcoin Trust (FBTC) gained approval with disclosed fees of 0.39%. Other approved products include Ark Invest and 21 Shares’ ARK 21Shares Bitcoin ETF (ARKB) with a 0.25% fee and a fee waiver for six months or until reaching the first $1 billion in assets.
VanEck’s VanEck Bitcoin Trust (HODL) received SEC approval with a 0.25% fee, while Valkyrie Digital Assets had its Valkyrie Bitcoin Fund (BRRR) approved, offering a fee waiver for the initial three months and a subsequent 0.49% fee. Invesco and Galaxy Digital will collaborate on the Invesco Galaxy Bitcoin ETF (BTCO), providing a fee waiver for the first six months or until reaching the first $5 billion in assets, followed by a 0.39% fee.
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Franklin Templeton Digital Holdings Trust (EZBC) gained SEC approval with a 0.29% fee, and Bitwise Asset Management will issue the Bitwise Bitcoin ETF (BITB) with a fee waiver for the initial six months or the first $1 billion in assets, followed by a 0.20% fee. Hashdex secured approval for its Hashdex Bitcoin ETF (DEFI) with a 0.90% fee, and WisdomTree’s WisdomTree Bitcoin Trust (BRCW) received approval with a fee waiver for the first six months or until the first $1 billion in assets, followed by a 0.39% fee.
With SEC approval granted, trading is expected to commence shortly, potentially leading to significant price boosts for Bitcoin and various other assets. This development marks a game-changer for the digital asset industry, with Bitcoin poised for broader acceptance on a larger scale, and the possibility of similar exposure for various digital assets through diverse investment offerings.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
