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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

World

Major boost for Bitcoin after SEC ETF approval

todayJanuary 12, 2024 9

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The United States Securities and Exchange Commission, or SEC, has approved the first-ever bitcoin exchange-traded funds to come out of the US, a watershed moment for the world’s largest cryptocurrency. The agency gave the green light to sponsors of 10 ETFs — including BlackRock, Invesco and Fidelity — that’ll track bitcoin prices. Most of the products have already begun trading on Thursday. Benji Hyer explains.

Written by: Leonard Witbeen

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