#ETFWatch $BTC . OR Bito Conventional ETFs or Crypto ETFs .

ETFs crypto are now emerging assets in financial world. people are taking much higher interests in Crypto assets trading compare to conventional assets.

As of October 2023, the U.S. Securities and Exchange Commission (SEC) had yet to approve a spot Bitcoin exchange-traded fund (ETF), citing concerns over market manipulation, fraud, custody, and investor protection. However, on January 10, 2024, the SEC granted approval for multiple spot Bitcoin ETFs, allowing investors to gain direct exposure to Bitcoin through regulated financial products without holding the cryptocurrency themselves.

The approved ETFs come from major firms, including:

ARK 21Shares

Bitwise

Fidelity

Franklin Templeton

Grayscale

Hashdex

Invesco Galaxy

iShares (BlackRock)

Valkyrie

VanEck

WisdomTree

The approval process encountered an unusual twist when a false announcement from the SEC's social media account on January 9, 2024, briefly impacted Bitcoin’s price. The following day, the SEC officially confirmed the approval.

The launch of these ETFs is expected to attract substantial investment, with projections estimating up to $14 billion in inflows within the first year. This milestone marks a significant step for the cryptocurrency industry, potentially increasing Bitcoin’s accessibility and appeal to a broader range of investors.