SEC Approves Bitcoin ETFs: What You Need to Know
The Securities and Exchange Commission (SEC) made a significant decision late Wednesday by approving rule changes that will allow the creation of bitcoin exchange-traded funds (ETFs) in the United States. This move is expected to bring more legitimacy and investor interest to the cryptocurrency industry, which has been overshadowed by the recent collapse of prominent exchanges. An ETF is an investment fund that tracks the price of an underlying asset or index, similar to a mutual fund.
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