SEC Approval of Bitcoin ETFs Opens the Door for Secure Investment in a New Asset Class
Key Points: The US Securities and Exchange Commission (SEC) has granted approval for the first US-listed exchange-traded funds (ETFs) tracking Bitcoin. Nasdaq, NYSE, and the CBOE will now list these ETFs following the regulatory clearance. Bitcoin’s value surged by over 70% in anticipation of the SEC approval. Asset management companies are reducing fees to attract … Read more