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SEC approves spot bitcoin ETFs as Gensler cites ‘changed circumstances’

Gary Gensler
Photo: Win McNamee/Getty Images

Ten years after the proposal was first floated, the regulator green lights spot bitcoin ETFs.

The SEC on Wednesday granted approval to spot bitcoin ETFs offered by a number of financial firms, a key regulatory step that will make it easier for ordinary investors to put their money into the digital currency. 

The agency approved the following 11 spot bitcoin ETFs:

  • BlackRock’s iShares Bitcoin Trust;