Connect with us

Hi, what are you looking for?

TheWhaleCapitals.comTheWhaleCapitals.com

Tech News

First Bitcoin ETFs approved by US regulators

The orange Bitcoin logo appears on a background of blue arrows pointing up.
Take that, Satoshi! | Nick Barclay / The Verge

Fifteen years after the genesis block was mined (and after one false announcement), the US Securities and Exchange Commission approved Bitcoin exchange-traded funds. Bitcoin has fully joined the financial system it was built to challenge. The decision will make 11 spot Bitcoin ETFs available to investors, such as those from Grayscale, Fidelity, BlackRock, and more.

“While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse Bitcoin,” said SEC chairman Gary Gensler, in a statement. “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.”

For the last 10 years, the SEC has denied every attempt to create a Bitcoin ETF,…

Continue reading…

You May Also Like

Editor's Pick

Travis Fisher The Environmental Protection Agency’s (EPA’s) greenhouse gas (GHG) rule for power plants was published in May 2023 and the original comment period...

Politics

Read this article for free! Plus get unlimited access to thousands of articles, videos and more with your free account! Please enter a valid...

Politics

EXCLUSIVE: Rep. Andy Barr is endorsing former President Trump, telling Fox News Digital that Americans ‘must rally behind’ him to ensure ‘strong leadership both...

Tech News

Illustration: William Joel / The Verge Hi, friends! Welcome to Installer No. 18, your guide to the best and Verge-iest stuff in the world....