The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock , Fidelity, Ark Invest, WisdomTree and Grayscale.
But there are things to consider before rushing to purchase bitcoin ETFs.
'Better than anything else on the market'While bitcoin carries risk, if you want to add exposure, experts say the new bitcoin ETFs could be worth considering compared to owning bitcoin directly or bitcoin futures ETFs.
"These spot bitcoin ETFs are better than anything else on the market," said Armour, referring to other bitcoin investing options.
The Grayscale Bitcoin Trust (GBTC) charged 2.0% before converting to a spot bitcoin ETF, and now has fees of 1.5%.
Persons:
Bryan Armour, Armour, I'm, Ivory Johnson, Gary Gensler
Organizations:
. Securities, Exchange Commission, Fidelity, Ark Invest, North America, Morningstar, SEC, Delancey Wealth Management, CNBC's
Locations:
U.S, BlackRock, bitcoin, Washington ,