The approval.
sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
Link is down, but here is an screenshot:sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
Trust units are not quite the same as ETFs as far as my reading goes.
It should be noted that ETFs can enable artificial creation of Bitcoin supply by the fund manager. No proof of underlying asset = paper bitcoin. I'm not bullish on this news for that reason...
Trust units vs. ETFs
According to the screenshot it doesn't say anything about ETFs, rather commodity-based trust units and an instrument that has ETF in the name, but that is a trust unit.
The ETF has in fact been approved as of about 20 minutes ago. Impressive that we have come so far. When I got into Bitcoin you would have been laughed at for suggesting that such a thing could even be possible down the road. People had timelines of 2050 and a price of a couple grand as possibilities. Everyone has been impressed with how strong our movement is. In a lot of ways, this is the end game for what people thought was possible for BTC. Next up, more countries adoption Bitcoin as their currency.
Can you please provide a source link as nothing in this thread clearly says that Vaneck, Black rock, JPM, etc. Applications have been approved.
