[Featured Stock] Wizit Rises on US SEC Approval of Bitcoin Spot ETF

Wizit is showing strong performance. It is interpreted to be influenced by the news that the U.S. Securities and Exchange Commission (SEC) has approved trading of Bitcoin spot ETFs.

As of 9:57 AM on the 11th, Wizit is trading at 1,013 KRW, up 24.6% compared to the previous day. Its subsidiary, T Scientific, is also experiencing a sharp rise of 21%.

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated on the 10th (local time), "Today, the Commission approved the listing and trading of multiple Bitcoin spot Exchange Traded Products (ETPs)." ETP is a broader concept that includes ETFs.

Following the SEC's approval decision on this day, 11 Bitcoin spot ETFs that had previously applied for listing can be listed and traded on exchanges starting from the 11th.

The products scheduled for listing include those from the world's largest asset management company BlackRock, as well as Fidelity Investments, ARK Investment, Invesco, WisdomTree, Bitwise Asset Management, Valkyrie, and Grayscale Investments.

Meanwhile, Wizit is classified as a Bitcoin-related stock as its subsidiary T Scientific is known to hold some shares of Bithumb Holdings and Bithumb Korea, which operate the domestic virtual asset exchange Bithumb.