As many know by now, the U.S. Securities and Exchange Commission announced on Wednesday, January 10, that it has finally approved the first U.S. spot Bitcoin (BTC) exchange-traded fund (ETF), representing a historic move for investors seeking exposure to the world's largest digital asset. Regulators approved all 11 pending spot Bitcoin ETF applications from firms including BlackRock, Grayscale and Fidelity, which could begin trading as early as Thursday. In recent days, they have announced the fees they plan to charge investors, and in some cases even lowered them.

As of now, Bitcoin is trading at around $46,100.00 posting an overnight gain of 0.6%. Spot Bitcoin ETFs allow investors to invest in Bitcoin without paying the higher fees associated with purchasing the token directly on a dedicated cryptocurrency exchange.

The Securities and Exchange Commission was widely expected to approve the bill on Wednesday. That was the deadline for applications for the Cathie Wood-led Ark Invest ETF, the first application to be decided. The institutional support for the Bitcoin ETF and subsequent regulatory blessing is a vote of confidence in the industry.