The U.S. Securities and Exchange Commission (SEC) has approved the first regulated spot Bitcoin exchange-traded funds (ETFs) in the United States. This came just a day after a false announcement from the SEC’s official Twitter account caused chaos in the markets. The approved applications came from 11 companies, including BlackRock, Grayscale, and Bitwise. This historic approval will allow investors to have direct exposure to Bitcoin’s price without actually buying the cryptocurrency. The approval comes more than 10 years after the Winklevoss twins first applied to launch a Bitcoin ETF. It remains to be seen when the ETFs will begin trading.
https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals