After months of speculation, the US Securities and Exchange Commission (US SEC) has approved its first-ever spot Bitcoin ETF application. 11 applications were approved from asset managers, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Valkyrie, Invesco, WisdomTree, Franklin Templeton, Hashdex. This marks a major milestone for the cryptocurrency sector as it opens up the crypto industry to institutional investors and other heavy movers. Equally important is the fact that it potentially opens up the crypto industry to mass adoption as public confidence & trust increases. This is a major milestone in world finance.