US - The SEC has given the green light to 11 ETFs for bitcoin

16/04/2024

The US securities regulator has approved the first US-listed exchange-traded funds (ETF) to track bitcoin.

Despite approving the new ETFs, the Securities and Exchange Commission (SEC) said it was still deeply sceptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin.

The SEC has given the green light to 11 ETFs for bitcoin in the US, opening the door to cryptocurrencies to many new investors who don’t want to take the extra steps involved in buying actual bitcoin.