Spot Bitcoin ETFs: A week of high stakes and expectations

Need to know everything that’s happening around spot Bitcoin ETF approvals? Here is the latest news on daily trends and events surrounding the anticipated ruling.

After a dramatic false start on Jan. 9, the United States Securities and Exchange Commission (SEC) has now given the green light to several spot Bitcoin ETFs. 

BlackRock’s iShares Bitcoin Trust with ticker symbol IBIT started trading in the pre-market and is currently up by 22.25%, trading at $26.81. The iShares trust is listed on the Nasdaq exchange.

Apart from BlackRock, Grayscale’s Bitcoin Trust (GBTC) ETF was another spot BTC ETF to begin trading in the pre-market at press time. The GBTC shares were up by 2% during the pre-market trading hours. GBTC is listed on the New York Stock Exchange (NYSE).

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