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Crypto milestone: U.S. approves bitcoin ETFs

Published by
RBC-Ukraine (CA)

The U.S. government gave the green light for the first-ever U.S.-listed exchange-traded funds (ETFs) that track bitcoin, marking a huge shift for the cryptocurrency world. The Securities and Exchange Commission (SEC) approved 11 applications, including ones from big financial players like BlackRock, Ark Investments, Fidelity, Invesco, and VanEck, according to Reuters. Despite some concerns from officials and investors about the risks involved, the ETFs are set to start trading soon, sparking competition for market share. These ETFs are a game-changer because they allow investors to get into bi…

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