SEC Approves Bitcoin ETF, Opening Crypto to Wider Investor Base

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Proponents of a bitcoin ETF consider the product might be extra extensively accessible for people excited by bitcoin than the precise cryptocurrency is, by giving buyers a regulated various to the underlying digital asset. The primary product will observe bitcoin futures, relatively than the worth of bitcoin straight, nonetheless. SEC Chair Gary Gensler indicated he believes futures-based merchandise may present stronger investor protections because of the legal guidelines they function below.

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