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Author: Admin | 2025-04-28
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. After years of anticipation, the Securities and Exchange Commission has approved filings by several firms to begin trading 11 new Bitcoin exchange-traded funds, or ETFs.Making it easier for individual investors to trade the popular cryptocurrency, the SEC on Wednesday gave a thumbs-up to the Grayscale Bitcoin Trust, Bitwise Bitcoin ETF and the Hashdex Bitcoin ETF. Also approved were iShares Bitcoin Trust and the Valkyrie Bitcoin Fund. Likewise, ARK 21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the VanEck Bitcoin Trust, the WisdomTree Bitcoin Fund, the Fidelity Wise Original Bitcoin Fund and the Franklin Bitcoin ETF were approved.Earlier that day, the Cboe—previously known as the Chicago Board Options Exchange—said the ETFs would begin trading on the Cboe Global Markets’ exchange on Thursday. Like a mutual fund, ETFs pool multiple investments into a single security. However, unlike mutual funds, ETFs can be traded directly on a stock exchange.The reinvigorated Bitcoin ETF space is shaping up to be highly competitive. Fidelity’s fund, for instance, will have a modest 0.25% expense ratio. And the financial firm is waiving that for the next six months.Investors have been virtually beside themselves with anticipation of the SEC—the regulator with life-or-death power over any commencement in trading—issuing some formal green light to these new funds.Lukewarm ApprovalAll of the new ETFs approved for trading by the SEC on Wednesday track Bitcoin’s spot price. Spot prices are how traders refer to an asset’s current price. Previously approved Bitcoin ETFs only traded Bitcoin futures. Futures are complex derivative instruments that track the future price of an asset.Although the commission has approved these new Bitcoin ETFs for trading, the SEC still views Bitcoin and other cryptos skeptically.In her dissent on the
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