The US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds. It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors. The announcement from the head of the Securities and Exchange Commission was accompanied by a stern warning about risks associated with the asset. The US financial watchdog had repeatedly rebuffed earlier requests for approvals, citing concerns about potential for fraud and manipulation.
US to allow Bitcoin to be part of mainstream investing funds | BBC News
Add comment