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Fear not, because the Securities and ExchangeCommission (SEC) just sent out a fresh batch of invites in the form of 11 exchange-traded funds (ETFs) based on Bitcoin's real-time spot price. Most of these funds are entirely new investment vehicles created from whole cloth after the SEC's long-awaited approval.
The long-awaited spot Bitcoin (CRYPTO: BTC) ETF has been approved by the Securities and ExchangeCommission (SEC), with 11 spot exchange-traded products officially getting the nod from regulators, after years of denials and a very hawkish regulatory stance.
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