U.S. SEC Approves Bitcoin ETFs

January 11th, 2024

I hope everyone who invests in these understands that they’re getting no actual Bitcoins.

Via: Reuters:

The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry.

The Securities and Exchange Commission said it approved 11 applications, including from BlackRock (BLK.N), Ark Investments/21Shares (ABTC.S), Fidelity, Invesco (IVZ.N) and VanEck, despite warnings from some officials and investor advocates that the products carried risks.

2 Responses to “U.S. SEC Approves Bitcoin ETFs”

  1. dale says:

    …a dream within a dream.

  2. Snowman says:

    Dale — yep.
    If you build it, they will come.
    If you say you’re building it out there somewhere, you can sell plenty of advance tickets to games.

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