SEC Greenlights Spot Bitcoin ETFs

Posted on January 22nd, 2024 at 11:57 AM

From the desk of Jim Eccleston at Eccleston Law 

In a groundbreaking move, U.S. regulators have approved the first exchange-traded funds (ETFs) directly investing in Bitcoin.

The Securities and Exchange Commission (SEC) has given the green light to industry giants such as BlackRock, Invesco, and Fidelity, as well as smaller competitors like Valkyrie, to commence trading. This landmark decision, signaling a departure from over a decade of opposition, is expected to impact the $1.7 trillion digital asset sector significantly, providing broader access to the leading cryptocurrency on Wall Street and beyond.

According to Campbell Harvey, a finance professor at Duke University, the ETF's approval simplifies the process of incorporating crypto assets into investment portfolios, eliminating concerns about custody complexities. This development is seen as a maturation milestone for the crypto industry, indicating a shift towards increased regulatory acceptance and a closer alignment with traditional financial markets.

As reported by ThinkAdvisor, the SEC's decision follows a notable legal victory for Grayscale Investments, which successfully challenged the SEC's rejection of its Bitcoin trust conversion into an ETF, emphasizing the need for consistent regulatory treatment.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, sec

Return to Archive

TESTIMONIALS

Previous
Next

 


It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

Beth M.

LATEST NEWS AND ARTICLES

September 12, 2025
LPL Broker Fined and Suspended for Recommending Risky Investments to Elderly Client

An LPL Financial broker in Elizabethtown, Kentucky, has agreed to sanctions after FINRA found he violated Regulation Best Interest (Reg BI) when recommending unsuitable investments to an elderly customer.

 

September 11, 2025
Montana Federal Judge Allows Family's Premium Financing Claims to Proceed

A federal judge in Montana has allowed a family to move forward with negligence, fraud, and unjust enrichment claims tied to a premium-financed life insurance arrangement valued at $67.5 million.

September 10, 2025
Arizona Man Sentenced to 30 Years for Multi-Million Dollar Ponzi-Style Fraud

An Arizona man has been sentenced to 30 years in prison for running a Ponzi-style investment scheme that defrauded more than 100 victims out of millions of dollars, according to the U.S. Attorney’s Office for the District of New Mexico.