BCGAME - Free 5BTC Daily Bonus!The three giants, Grayscale, VanEck and ARK, are in the spotlight with the prospect of offering spot Bitcoin ETFs in the US market. Recently, each of these companies took a significant step forward by receiving approval to trade their funds on reputable exchanges.
The Grayscale Bitcoin Trust, known as an investment vehicle aimed at accredited investors and traded on the OTCQX with the ticker GBTC, is now targeting a space on the NYSE Arca. This change will occur if Grayscale achieves the desired conversion of the trust to a spot Bitcoin ETF. In parallel, the VanEck Bitcoin Trust aspires to be traded under the Chicago Board Options Exchange, known as Cboe. ARK, not to be left behind and in collaboration with fund manager 21Shares, also has its Bitcoin ETF ARK 21Shares with an eye on Cboe.
This move by companies is not just filling out paperwork, but an encouraging sign in the crypto market. The exchanges' approval for trading Bitcoin ETFs is a positive indication, although the Securities and Exchange Commission's final decision (SEC) is still a crucial step to overcome.
The financial sector is watching with great anticipation the possible approval of a Bitcoin ETF. Such a development would allow American investors an alternative and less direct way to invest in Bitcoin, without the need for direct purchase and custody of the asset. This anxiety is understandable, given the history of rejections by the SEC, which has always viewed such products as too risky for investors.
However, recent moves, including applications from companies like Fidelity for its Fidelity Wise Origin Bitcoin Trust, show a market on the boil, preparing for a possible and historic approval. Even though there is no official statement from the issuers or the SEC, the market is paying attention to any sign that could indicate a positive change in the current scenario.
At the time of publication, the BTC price it was quoted at US$ 43.992,05, up 3,3% in the last 24 hours.
