The Securities and Exchange Commission gave its blessing to a fund that tracks the price of the most valuable cryptocurrency after Bitcoin.
SEC chair warns bitcoin is still “volatile” and linked to “illicit activity.”
Bitcoin’s price surged above $69,000, breaking the record the digital currency set in November 2021 when the crypto industry was booming.
“Two truly terrible ways to make money this week.”
The Securities and Exchange Commission authorized financial firms to offer a Bitcoin investment product that some hope will accelerate adoption of the technology.
After a hilarious fake out yesterday, the US Securities and Exchange Commission (SEC) *officially* approved 11 Bitcoin ETFs, giving the crypto world a bit win to start the new year. The ETFs will make it easier for normal, non-web3 people to invest in …
The cryptocurrency has gained roughly 150 percent this year, as investors bet that regulators will soon approve the first spot exchange-traded fund that is designed to track the price of Bitcoin.
Investors anticipate regulatory approval of an exchange traded fund linked directly to Bitcoin, which they hope will encourage more people to invest in the digital asset.
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