☑️NEW SEC Approves all 11 Applications for Bitcoin ETFs

[FXOcrypto]

The US Securities and Exchange Commission (SEC) finally approved the application for 11 Bitcoin ETFs. The following are the ETFs that have started operating citing to FXOpen blog

1. Blackrock's iShares Bitcoin Trust (IBIT)
2. ARK 21Shares Bitcoin ETF (ARKB)
3. WisdomTree Bitcoin Fund (BTCW)
4. Invesco Galaxy Bitcoin ETF (BTCO)
5. Bitwise Bitcoin ETF (BITB)
6. VanEck Bitcoin Trust (HODL)
7. Franklin Bitcoin ETF (EZBC)
8. Fidelity Wise Origin Bitcoin Trust (FBTC)
9. Valkyrie Bitcoin Fund (BRRR)
10. Grayscale Bitcoin Trust (GBTC)
11. Hashdex Bitcoin ETF (DEFI)

As a result of this news, yesterday BTCUSD tried to rise to 47671.886. However, the increase did not continue and the price fell back to the low 44K range.

Currently, BTCUSD is moving in consolidation near the upper band. Based on the 50 MA which forms an ascending channel, Bitcoin tends to be in bullish sentiment.

BTCUSD chart on Ticktrader FXOpen

 

[Nomad]

Approval of Bitcoin EFTs has sent a positive message in the crypto market. When Bitcoin touched $48K I managed to earn around $12 profits through Bitcoin-USDT trading.Maybe 2024 is going to be a better market for crypto investors and traders.