The Securities and Exchange Commission (SEC) approved all 11 outstanding applications for spot Bitcoin ETFs,

The term "spot" simply means that the ETF holds physical Bitcoin for investor

The new ETFs are similar to gold ETFs that emerged in the early 2000 

The institutional support of the Bitcoin ETFs, and regulators' subsequent blessing 

The approval of the Bitcoin ETFs is a big win for the crypto industry, 

The ETFs will comprise physical Bitcoin purchased from crypto exchanges 

Bitcoin futures ETF approved by the SEC in 2021, saw around $1 billion 

The regulatory nod is expected to start an intense competition for market 

Bitcoin ETF flows will build up gradually to cross $10 billion 

The issuers have disclosed fees as low as 0.20% and some have offered to waive it off for a period of time