Up to date Jan. 10, 2024 5:56 pm ET
The U.S. Securities and Alternate Fee voted Wednesday to permit mainstream buyers to purchase and promote bitcoin as simply as shares and mutual funds, a choice hailed by the business as a recreation changer.
The SEC choice clears the best way for the primary U.S. exchange-traded funds that maintain bitcoin to be offered to the general public. Expectations of U.S. regulatory approval for such funds drove the value of bitcoin to the very best stage in about two years. The digital forex fell to only under $46,000 late Wednesday, up from $17,000 in January 2023.
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