2024-01-10 23:27:24
The American stock exchange authority (the SEC) authorized this Wednesday the first investment fund associated with bitcoina decision considered a fundamental stage for cryptocurrencies to be adopted.
The product, which in stock market jargon is known as ETF (Exchange Traded Fund) is a fund that brings together values ​​associated with the bitcoin universe, and whose performance is therefore linked to the evolution of this cryptocurrency. This allows investors to try to profit from the cryptocurrency without purchasing it directly.
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The regulator’s decision, which was published this Wednesday afternoon after an internal vote, gives the green light to the listing of eleven ETFs of this type that had requested it and opens the door to greater institutional acceptance of bitcoin in the financial markets of USA.
Bitcoin has appreciated recently on expectations about this news, but suffered volatility yesterday when the SEC’s account on Dollars.
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