Cryptocurrency Q&A
When did bitcoin ETFs get approved by the SEC?
When did bitcoin ETFs get approved by the SEC?
isabella_bailey_economist
Wed Jul 10 2024
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7 answers
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For those interested in the intersection of cryptocurrency and traditional finance, a significant milestone was recently achieved. The question on many investors' minds is: When did bitcoin ETFs get approved by the SEC? The Securities and Exchange Commission, widely known as the SEC, is a regulatory body that oversees the US financial markets. An ETF, or Exchange Traded Fund, is a type of investment product that allows investors to buy and sell shares in a portfolio of assets, often including stocks, bonds, or commodities. The approval of bitcoin ETFs marks a significant step in the integration of cryptocurrency into the traditional financial system, as it provides investors with a more accessible and regulated way to invest in bitcoin. But the precise timeline of this approval remains a matter of curiosity for many.
7 answers
Dario
Fri Jul 12 2024
In the year 2013, the journey towards the legitimization of cryptocurrency-based financial products commenced.
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EchoSolitude
Thu Jul 11 2024
Nonetheless, the push for cryptocurrency-based financial products persisted, and in 2021, the SEC began approving bitcoin ETFs that were based on futures products.
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CryptoTitaness
Thu Jul 11 2024
An entity closely associated with the Winklevoss twins, renowned entrepreneurs and early bitcoin investors, submitted the initial application for a bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC).
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Giulia
Thu Jul 11 2024
This shift in approach marked a significant milestone in the evolution of cryptocurrency within the traditional financial ecosystem.
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SumoHonorable
Thu Jul 11 2024
With the approval of futures-based bitcoin ETFs, investors gained access to a regulated and more accessible way to invest in bitcoin without directly owning the underlying cryptocurrency.
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