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The most anticipated event has finally occurred, leaving everyone elated in the crypto space. The Securities and Exchange Commission (SEC) approved Bitcoin ETFs for the first time.
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In total, 11 spot Bitcoin ETFs were greenlighted by the regulatory body. For the uninitiated, exchange-traded funds track a particular instrument.
ETFs derive their value from other assets like gold, real estate, stock, etc. In this way, the investors won’t have to buy the underlying instrument directly. Instead, they can buy ETFs and gain profits. It reduces risks, lowers the price of investment, and delivers strong prospects. In this case, the underlying asset is Bitcoin. It’s the biggest news right now in the crypto realm and users need to explore it in detail.
So let’s dive right into Bitcoin ETFs and see what unfolds.
Everything to Know About Bitcoin ETF
The SEC has approved a total of 11 Bitcoin ETFs. These ETFs will be traded over several stock exchanges.
We współpracy z: https://www.thecoinrepublic.com/2024/01/28/decoding-the-approval-of-bitcoin-spot-etf-and-its-possibilities/
