"SEC Approves 11 Spot Bitcoin ETFs Despite Account Compromise"

1 min read
Source: Reuters
"SEC Approves 11 Spot Bitcoin ETFs Despite Account Compromise"
Photo: Reuters
TL;DR Summary

The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise, and Hashdex, providing institutional and retail investors with exposure to the cryptocurrency without directly holding it. This move is seen as a significant boost for the crypto industry, which has been plagued by various scandals.

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