Up to date Jan. 10, 2024 5:56 pm ET
The U.S. Securities and Change Fee voted Wednesday to permit mainstream traders to purchase and promote bitcoin as simply as shares and mutual funds, a call hailed by the business as a sport changer.
The SEC resolution clears the way in which for the primary U.S. exchange-traded funds that maintain bitcoin to be offered to the general public. Expectations of U.S. regulatory approval for such funds drove the value of bitcoin to the very best degree in about two years. The digital foreign money fell to only under $46,000 late Wednesday, up from $17,000 in January 2023.
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