11-1-2024 (NEW YORK) The U.S. Securities and Exchange Commission (SEC) has granted approval to 11 spot bitcoin exchange-traded funds (ETFs). This includes the ETFs offered by prominent companies such as Grayscale, Bitwise, and Hashdex. The SEC’s decision, announced on Wednesday, has the potential to revolutionize the accessibility of bitcoin investments for both institutional and retail investors.
By approving these ETFs, the SEC is providing a new avenue for investors to gain exposure to bitcoin without the need to directly hold the digital asset. This marks a crucial step towards mainstream adoption of cryptocurrencies and could serve as a catalyst for the broader acceptance of digital currencies in traditional financial markets.
