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SEC Clears Way for Exchange-Traded Bitcoin ETFs, Bitcoin Price Reacts

(A fancy word was added to the first sentence: Bitcoin.)

NEW YORK (dpa-AFX) – The US Securities and Exchange Commission (SEC) has cleared the way for exchange-traded Bitcoin ETFs. A corresponding notice was published on the authority’s website on Wednesday after the US stock market closed. On Tuesday, an SEC announcement published via X (formerly Twitter) about the approval and its subsequent withdrawal by the head of the authority caused unrest. The SEC’s X account had been hacked, they said.

Exchange-traded funds (ETFs) in the USA that invest directly in Bitcoin (Bitcoin spot ETFs) can now be listed on the stock exchange. There has been speculation for months that the US Securities and Exchange Commission would take this step. This gave the Bitcoin price a strong boost.

Despite the certainty that now prevails, Bitcoin hardly reacted to the news by its standards. It was last traded at around $45,300.

2024-01-10 21:56:14
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