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SEC approves spot Bitcoin ETFs after much hype
The Securities and Exchange Commission on Wednesday approved spot Bitcoin exchange-traded funds. Why it matters: After a decade of hype, Bitcoin will soon effectively be listed on exchanges, giving it an avenue to investment portfolios alongside stocks and bonds. • Axios previously reported Bitcoin ETFs could start trading as soon as Thursday. • The breakthrough comes after a false start Tuesday, when Bitcoin price briefly spiked to $47,680 on a since-deleted SEC tweet that claimed the funds were approved to list on national exchanges. The SEC soon after said its social media account had been ... (full story)