ETF was approved, what it will happen now?

ETF was approved, what it will happen now?

By Vibrantstories | Mystories | 10 Jan 2024


Yesterday, the official SEC profile on X announced that the requests for the approval of the Bitcoin ETF had been approved, but to the disappointment of investors, this had been a mistake.

Gary Gensler ended up having to explain the reason for this occurrence; he experienced a hacker attack.

Investors are hoping that these Bitcoin ETFs will be made available as soon as possible, preferably by tomorrow.

These spot price ETFs are likely to be offered on Nasdaq, with a focus on investment products geared towards the technology sector in New York and Chicago.

Coinbase will be responsible for the custody of the digital currencies to be acquired by the majority of ETFs to keep track of Bitcoin's price movements.

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Vibrantstories
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