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SEC approves rule changes that pave the way for bitcoin ETFs

  • The Securities and Exchange Commission has approved spot bitcoin exchange-traded funds , including applications from firms like BlackRock and Grayscale.
  • This decision is expected to increase accessibility to bitcoin investing for Main Street investors, allowing them to invest without owning the digital asset directly.
  • The SEC's approval marks a significant departure from its previous stance on Bitcoin ETFs, reflecting a shift towards merging traditional finance with the cryptocurrency sector.
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