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Home » What to Know About Bitcoin ETFs as Regulators Approve Funds | TIME – TIME

What to Know About Bitcoin ETFs as Regulators Approve Funds | TIME – TIME

What to Know About Bitcoin ETFs as Regulators Approve Funds | TIME – TIME

(NEW YORK) — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply skeptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin.The SEC said it gave the green light to 11 exchange-traded funds for bitcoin even though it only faced a deadline for one application. The agency said that would provide competition and a “level playing field.”Bitcoin ETFs could open the door to cryptocurrencies to many new investors who don’t want to take the extra steps involved in buying actual bitcoin.It’s a major win… 

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