Amid Bitcoin’s volatile swings, a crucial development is about to take place in the cryptocurrency market. Close sources indicate that the United States Securities and Exchange Commission (SEC) is set to announce the approval of spot Bitcoin ETFs as early as Wednesday, with trading expected to begin on Thursday.

Steven McClurg, co-founder and CIO of Valkyrie Investments, shared in statements to The Block that spot Bitcoin ETFs are expected to receive the green light from the SEC on Wednesday. He expressed confidence that trading for the ETF is expected to begin on Thursday morning, marking a significant moment for cryptocurrency investors.

At the same time, a post by Fox correspondent Eleanor Terrett reinforced these expectations. In her words, “Now that this is public, I can say that I heard about it too. There appears to be a general consensus among issuers.”

This information points to a transformation in the cryptocurrency investment scenario, opening a new path for the incorporation of Bitcoin into traditional portfolios. The approval of these ETFs not only legitimizes Bitcoin as an investable asset, but also simplifies access to it for a wider audience.

As the cryptocurrency community anxiously awaits the SEC’s decision, optimism is palpable. This approval could serve as a milestone for the growing recognition of cryptocurrencies in the financial landscape and a step forward in the mainstream adoption of Bitcoin.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


Leave a Reply