US Regulators Approve New Bitcoin ETFs, Opening Door to Mainstream Investment
US regulators have recently granted approval for the launch of spot bitcoin exchange-traded funds (ETFs) by a selection of financial institutions, including well-known names such as BlackRock and Fidelity. These new financial products will allow people to invest in bitcoin through their brokerage, giving them the opportunity to treat it like a regular stock. The approval marks a significant milestone and follows a peculiar incident in which a hijacker used the US Securities and Exchange Commission’s (SEC) official Twitter account to prematurely announce the ETFs, causing market chaos. The SEC was forced to publish a retraction and has now officially approved all eleven pending applications for spot bitcoin ETFs.
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