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Rocío Magnani

Spot Bitcoin ETFs Approved: Which Are the Major Companies Behind this Financial Product?

Bitcoin ETF SEC BlackRock
Single bitcoin with gold reflection on top of background of scattered U.S. 100 dollar bills. (Credit: QUOTEINSPECTOR.COM/FLICKR)

U.S. Securities and Exchange Commission (SEC) officials announced the approval of Spot Bitcoin Exchange-Traded Funds (ETFs) late on Wednesday (Jan. 10), giving the green light to major participants to start offering this product from Thursday.

In recent years, the SEC consistently rejected proposals for Bitcoin Spot ETFs, expressing concerns about potential market manipulation. Up to this moment, existing ETFs linked to cryptocurrency were exclusively for investments in futures.

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