The SEC has given the green light for the creation and trading of Bitcoin ETFs.

This is a historic moment for the crypto industry, as it allows ordinary investors to access Bitcoin as easily as trading stocks.

SEC confirmed this milestone late Wednesday, stating that the agency does not approve or endorse Bitcoin, but only allows the creation of spot Bitcoin ETFs.

This decision opens the door for not just one or two ETFs, but a flood of them. Some of the companies that got the nod to launch spot Bitcoin ETFs are Ark Invest with 21 Shares, Bitwise, BlackRock, and Fidelity.

This decision is the result of years of careful deliberation by the SEC and reflects a significant change in the regulator’s attitude towards digital assets.

The amended rules will allow the trading of the first regulated spot Bitcoin ETFs in the US, with trading expected to start as soon as Thursday morning.

The decision was mostly welcomed, but not without resistance. SEC Commissioner Caroline A. voiced her disagreement in a separate statement, calling for more discussion and caution.

Investors are looking forward to the launch of these ETFs, which provide a more secure and regulatory-friendly way of investing in Bitcoin. This could potentially draw in a new wave of institutional investors, enhancing market stability and overall trust in digital currencies.

The SEC’s approval has been greeted with widespread enthusiasm in the crypto industry. It is anticipated to increase liquidity in the market, offering retail investors a regulated and simpler way to invest in Bitcoin, without the hassle of managing digital wallets or private keys.

Additionally, it could potentially lure in more institutional investors, strengthening mainstream adoption of cryptocurrencies.