The US Securities and Exchange Commission's decision to approve exchange-traded funds that invest directly in bitcoin will likely bring a new wave of investors into the oldest and largest cryptocurrency. ETFs I became It is very popular A way for Americans to invest their money in stocks, bonds, commodities, currencies and real estate. Once available, spot bitcoin ETFs from the likes of Fidelity Investments and the world's largest asset manager, BlackRock Inc., are expected to attract people who have kept cryptocurrencies at arm's length until now.
ETFs, A $7 trillion industryInvest in or replicate the performance of a basket of assets or index. Buying shares in ETFs is easy, as they trade publicly on a stock exchange throughout the day. The newly approved spot Bitcoin ETFs will hold bitcoin, unlike existing products that invest in bitcoin futures contracts — contracts to buy or sell an asset at a set price at a future date. The Securities and Exchange Commission has rejected Bitcoin exchange-traded funds over the past decade.
