US regulators approve new bitcoin funds in move that could spur more investment

An exchange traded fund, or ETF, is an easy way to invest in something or a group of things, like gold, junk bonds or bitcoins, without having to buy the things themselves

Wed, 10 Jan, 2024 - 22:07

Ken Sweet, Associated Press

The US Securities and Exchange Commission reluctantly approved trading of the first bitcoin exchange-traded funds on Wednesday, saying it is still deeply sceptical about cryptocurrencies and that the agency “did not approve or endorse bitcoin” in its decision.

An exchange traded fund, or ETF, is an easy way to invest in something or a group of things, like gold, junk bonds or bitcoins, without having to buy the things themselves.