SEC Approves Spot Bitcoin ETFs (For Real)
Yesterday, a fake tweet from the U.S. Securities and Exchange Commission (SEC) sent crypto spiraling. And while we don’t have any real answers as to how that happened (or why), the regulator officially approved all the spot Bitcoin ETFs today as anticipated. 👍
In an official release on the SEC website, the regulator unveiled a “Statement on the Approval of Spot Bitcoin Exchange-Traded Products.” The new rules will allow exchange-traded funds to invest directly in Bitcoin, broadening access to the largest cryptocurrency in the $1.7 trillion digital asset sector. ₿