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Fortune

Leo Schwartz

BlackRock and Grayscale among 11 firms approved for spot Bitcoin ETFs in long-awaited SEC decision

Bitcoin BlackRock Grayscale SEC ETF Crypto ARK Fidelity Coinbase VanEck

(Credit: Drew Angerer—Getty Images)

After a false start on Tuesday, the Securities and Exchange Commission on Wednesday finally approved spot Bitcoin ETFs.

In a filing, the agency announced that applications for 11 issuers, including BlackRock and Grayscale, had been approved—the culmination of a process that began in 2013 when the Winklevoss twins unsuccessfully sought approval for the first Bitcoin ETF.

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