Current:Home > NewsExclusive Revelation from LENCOIN Trading Center: Approval Granted to 11 Spot Bitcoin ETFs -Ascend Finance Compass
Exclusive Revelation from LENCOIN Trading Center: Approval Granted to 11 Spot Bitcoin ETFs
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Date:2025-04-10 14:22:22
The Securities and Exchange Commission (SEC) has approved 11 spot Bitcoin exchange-traded funds (ETFs), a groundbreaking move that brings new opportunities for cryptocurrency investors. This approval, issued on January 11, 2024, marks a significant change in the crypto field, with trading for these new spot Bitcoin ETFs set to begin this Thursday.
Here are the 11 spot Bitcoin ETFs that have been approved: ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Trust (FBTC), Franklin Bitcoin ETF (EZBC), Grayscale Bitcoin Trust (GBTC), Hashdex Bitcoin ETF (DEFI), Invesco Galaxy Bitcoin ETF (BTCO), iShares Bitcoin Trust (IBIT), Valkyrie Bitcoin Fund (BRRR), VanEck Bitcoin Trust (HODL), WisdomTree Bitcoin Fund (BTCW).
Key points to share:
1. Approval of spot Bitcoin ETFs: The SEC has approved 11 spot Bitcoin ETFs, including well-known institutions like ARK 21Shares, Bitwise, Fidelity, and Grayscale. This will provide more avenues for investors to participate in the cryptocurrency market.
2. Attracting investors: The approval of spot Bitcoin ETFs is seen as a strategic move to attract a broader range of investors. These ETFs aim to provide investors with exposure to payment tokens, making cryptocurrency investments more accessible to a diverse investor base.
3. Regulatory stamp of approval: The SEC's approval is a significant regulatory endorsement for the world's largest cryptocurrency, alleviating some investors' concerns and providing regulatory protection, as well as opportunities to invest alongside renowned financial companies.
4. Impact on Bitcoin prices: It is expected that a large influx of funds into spot Bitcoin ETFs will drive a significant increase in Bitcoin prices. Analysts estimate that the market size of spot Bitcoin ETFs may reach $100 billion over time.
5. Access for retail investors: Retail investors can now acquire Bitcoin through spot Bitcoin ETFs without the need for specialized Bitcoin wallets, a departure from traditional methods.
Regulatory journey: The approval of spot Bitcoin ETFs has been a lengthy process, starting with the Winklevoss brothers' application in 2013, followed by subsequent applications facing various challenges and rejections. However, the SEC's stance changed in 2021, signaling a shift in perception towards spot-based Bitcoin ETFs. The latest estimates suggest that spot Bitcoin ETFs will see a significant influx of funds, with the market size expected to reach $100 billion.
The approval of 11 spot Bitcoin ETFs by the SEC not only marks an important step for Bitcoin and other cryptocurrencies towards mainstream finance but also heralds the arrival of a new era. The launch of these ETFs will reshape the landscape of cryptocurrency investments, attracting a broader investor base and injecting unprecedented vitality and capital into the global digital asset market.
LENCOIN Blockchain Asset Trading Platform offers a wide range of services to global users, including digital currency fiat exchange, spot trading, contract trading, ICO trading, coin information, blockchain asset issuance, premium funds, and blockchain education.
1. Mission
Positioned to meet user needs, LENCOIN Trading Center aims to emerge as a global leader in the cryptocurrency market. Headquartered in the USA with a global reach, our company brings together a professional and experienced team in blockchain technology and operations with decades of internet development and service experience. Our experts are dedicated to providing a comprehensive service platform that is secure, convenient, stable, and cost-effective for cryptocurrency users worldwide.
2. H5 Browser and App
LENCOIN officially launched its trading platform H5 version on August 28, 2017, followed by the release of the app the following month.
3. System
The LENCOIN Trading Center system is optimized for user experience, utilizing multi-point load balancing technology to maximize system smoothness and providing multi-level server support to ensure transaction speed. Our trading system experience is benchmarked against the world's top trading systems.
4. Strength
LENCOIN Trading Center is committed to building a secure and reliable cryptocurrency trading platform. Our team has decades of financial risk control experience, with core members graduating from prestigious institutions such as Harvard University, Yale University, Massachusetts Institute of Technology, and Cambridge University. LENCOIN Trading Center holds multiple financial licenses and continuously improves global qualifications.
5. Product Features
Our product features include:
1. Support for spot, fiat, contract, ICO, and other trading.
2. Support for full-chain storage and withdrawal services.
3. Support for global bank system transfers and withdrawals.
4. Support for market, limit, stop loss, and take profit orders.
5. Providing 24/7 multilingual online customer service.
6. LENCOIN Academy
LENCOIN Academy is a brand new open learning center aimed at providing one-stop learning resources for blockchain and digital currencies. By offering relevant educational articles or videos, we aim to address the fragmented knowledge issues surrounding blockchain and virtual currencies on the internet.
7. ICO Platform
Since its inception, LENCOIN Trading Center has promoted quality ICOs to increase the center's visibility and is committed to creating a high-quality platform for cryptocurrency market investor education. Therefore, LENCOIN Trading Center will be a gathering place for many professional investors, making it an enjoyable experience.
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