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The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world's largest cryptocurrency and the broader crypto industry.
WASHINGTON/NEW YORK (Reuters) -The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed ...
In what many hailed as a landmark decision -- and after years of anticipation and stalling -- the Securities and Exchange Commission (SEC) approved spot Bitcoin exchange traded funds (ETFs) on Jan....
Bitcoin investor Microstrategy gained 7% and crypto exchange Coinbase 4%, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, added 3.7%. Shares of retail trader-focused ...
Better Markets, a nonprofit that advocates for, among other things, greater investor protections, strongly opposes the SEC’s approval of bitcoin ETFs. Among its objections is the bitcoin market ...
The SEC approved applications from 11 asset managers to list spot Bitcoin ETFs. Many of the funds cut their fees leading up to the approvals in an effort to win early investors.
Anticipating that the SEC would relent—even under the crypto-skeptical chair, Gary Gensler—the Bitcoin ETF race attracted major players from across the worlds of traditional finance and crypto ...
Since then, the SEC has denied more than 30 similar applications. A key turnaround moment came last year in June when the world’s biggest money manager, BlackRock, filed for a spot bitcoin ETF.