Bitcoin ETFs Were Finally Approved: Here's What It Means for Investors and How They Could Unlock Billions of Dollars
In a landmark decision, the Securities and Exchange Commission (SEC) approved 13 applications to create a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). With the inability to purchase Bitcoin directly, the spot ETF is heralded as the mechanism that will allow deep-pocketed institutions to gain Bitcoin exposure.
Now that Bitcoin has a home on Wall Street, a new chapter has begun in the cryptocurrency's historic story. Here's what every Bitcoin investor needs to know about this momentous event.
Source Fool.com