SEC Approves Bitcoin ETF, Opening Crypto to Wider Investor Base

Posted on by American Coins & Gold

SEC Approves Bitcoin ETF, Opening Crypto to Wider Investor Base
After years of trial and error by would-be fund sponsors, cryptocurrency investing is finally opening up to the masses with the first-ever U.S. approval of a bitcoin exchange-traded fund.The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs in a first for the industry on Friday, after the regulator’s five commissioners met on the issue. ProShares, which filed for its Bitcoin Strategy ETF this past summer, may be the first to launch next week.The company filed a post-effective amended prospectus on Oct. 15, stating its filing is expected to launch on Monday, Oct. 18.Proponents of a bitcoin ETF believe the…