#SECETFApproval

Summary of Current Approvals:

1. Spot Bitcoin ETFs

• On January 10, 2024, the U.S. Securities and Exchange Commission approved the first 11 Spot Bitcoin ETFs, including products from BlackRock, Fidelity, Grayscale, and others  .

• The approval came via a 3 to 2 vote, and the commission leveraged a court ruling regarding the Grayscale case to justify the change ().

• This move provided investors with the ability to gain exposure to Bitcoin through traditional brokers and exchanges, without the need to hold the digital currency themselves ().

2. Accelerating the Approval Framework for Crypto Funds

• In early July 2025, the SEC issued new guidelines to streamline the approval process for crypto funds .

• Goal: to shorten the process from 240 days to a quick period of about 75 days only