The U.S. SEC has approved 11 spot Bitcoin exchange-traded funds (Bitcoin ETFs), including offerings from BlackRock, Grayscale, and Valkyrie. This move is seen as a milestone, paving the way for substantial investment inflows into the digital asset space.
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Bitcoin ETFs
The approved ETFs, allowing direct investment in Bitcoin, are expected to attract billions in the initial weeks. This decision is seen as a turning point for wider acceptance and integration of Bitcoin into traditional financial markets, providing investors with a more regulated means of exposure. Grayscale has confirmed regulatory approval to uplist its Bitcoin trust to an ETF on the NYSE Arca.
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