“Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency” (CoinDesk)
U.S. regulators approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency. (CoinDesk) The Securities and Exchange Commission declared effective key filings from the markets seeking to list the groundbreaking products on Wednesday, January 10. They began trading on Thursday, January 11.
Advocates for a spot bitcoin ETF have long argued that a regulated trading product focused on the world's oldest cryptocurrency would allow institutional and retail clients to gain exposure to bitcoin's price movements without requiring them to set up wallets or otherwise directly invest in the digital asset. ETF shares, for example, will be available to any U.S. investor with a brokerage account
