In the wake of SEC approval for 11 spot bitcoin ETFs, Sam Tyfield looks at how ETFs work, why they are important, and what next steps are.
The SEC formally announced that it had approved the launch of 11 bitcoin ETFs in the US on January 10, 2024. The announcement emphasises that these approvals are not an endorsement of cryptocurrency as an “investment” or of any of the issuers of the ETFs themselves.
“It should in no way
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