The Securities and Exchange Commission reluctantly authorised buying and selling of the primary bitcoin exchange-traded funds Wednesday, saying it's nonetheless deeply skeptical about cryptocurrencies and that the company "did not approve or endorse bitcoin" in its resolution. An trade traded fund, or ETF, is a straightforward technique to spend money on one thing or a bunch of issues, like gold, junk bonds or bitcoins, with out having to purchase the issues themselves. Cryptocurrency advocates hope the event thrusts the as soon as area of interest and nerdy nook of the web even additional into the monetary mainstream.

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