In a landmark move, the Swiss Financial Market Supervisory Authority (FINMA) has granted approval to the first-ever retail tokenized securities trading platform in the country. This paves the way for wider public participation in previously exclusive private markets, marking a significant step towards the digitization of traditional finance.
In the dynamic landscape of cryptocurrency investments, Grayscale’s Bitcoin ETF (GBTC) is undergoing a transformative shift, evolving from a closed-end fund to a spot ETF. The initial five days of trading in this new form have witnessed substantial outflows, totaling an estimated $2.2 billion. This exodus is primarily influenced by two key factors affecting investor decisions.
Wall Street vibrated with electricity today as Grayscale’s long-awaited Bitcoin ETF, GBTC, began pre-market trading on the New York Stock Exchange today, January 11. This historic event marks a pivotal turning point for both Bitcoin and the cryptocurrency industry, opening a new chapter of accessibility and potential mass adoption.
In a groundbreaking development, the Securities and Exchange Commission (SEC) has officially granted approval for the listing of the inaugural spot Bitcoin Exchange-Traded Funds (ETFs) in the United States. This landmark decision is set to reshape the landscape of Bitcoin adoption within traditional financial markets. The green light for spot Bitcoin ETFs is anticipated to provide investors with direct exposure to BTC, fostering a new era of accessibility and regulation within the burgeoning Bitcoin market.