SEC approves Bitcoin ETFs for everyday investors

(Image: Getty)

Fri, 12 Jan 2024

By Vicky Ge HuangThe US Securities and Exchange Commission voted this week to allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds, a decision hailed by the industry as a game changer.The Securities and Exchange Commission (SEC) decision clears the way for the first US exchange-traded funds that hold bitcoin to be sold to the public. Expectations of US regulatory approval for such funds drove the price of bitcoin to the highest level in about two years. The digital currency traded just below US$46,000 (NZ...

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