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France 24

Business

Carys GARLAND

In landmark move, US regulator approves new Bitcoin funds for trading

SEC Bitcoin the US Securities and Exchange Commission Cryptocurrency

BUSINESS DAILY © FRANCE 24

The US Securities and Exchange Commission (SEC) has authorised spot Bitcoin exchange traded funds (ETFs) after years of opposition, in what cryptocurrency enthusiasts hope will spur wider interest in the digital currency. The move will give investors exposure to movements in Bitcoin prices without taking direct ownership of the token. The SEC, however, remains sceptical, and says the authorisation should not be mistaken for endorsement of the volatile currency. We take a closer look.

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