CoinWorld news, the U.S. Securities and Exchange Commission (SEC) has approved 11 Bitcoin spot ETF applications, including products from institutions like BlackRock and ARK Invest. This is an important milestone for the cryptocurrency industry, meaning mainstream investors will be able to invest in Bitcoin through traditional channels. The approved ETFs are expected to begin trading on January 11, ending a ten-year wait. After the announcement, the price of Bitcoin briefly surged past $47,000.