SEC approves first bitcoin investment funds after false start ...Middle East

The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested in a cryptocurrency. The SEC approved 11 spot bitcoin ETFs from several major companies, including BlackRock, Fidelity and Grayscale Investments, as it faced down a deadline to rule on at least one of the applications. “I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares,” Gensler said in a statement. However, he emphasized that the SEC's approvals on Wednesday are confined to ETFs holding bitcoin. "It should in no

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