See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

SEC approves spot Bitcoin ETFs after much hype

Posted on AllSides January 10th, 2024
From The Left
Illustration: Shoshana Gordon/Axios

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 a pathway 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...

Read full story

AllSides Picks

https://www.axios.com/2024/01/10/sec-approves-spot-bitcoin-etfs-after-much-hype

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right