Bitcoin ETFs Get Approval From SEC

SEC Approves Bitcoin ETFs, Allowing Investors to Diversify Crypto Portfolios

In a major development for cryptocurrency enthusiasts, the Securities and Exchange Commission (SEC) has officially approved Bitcoin exchange-traded funds (ETFs). This announcement comes less than 24 hours after false reports circulated claiming that the SEC had already given its approval. ETFs are an investment vehicle that allows investors to diversify their portfolios by trading multiple securities together on the stock market. With the approval of Bitcoin ETFs, investors will now have the opportunity to invest in Bitcoin without the need to directly buy the cryptocurrency.