U.S. says yes to new bitcoin funds, paving the way for more Americans to buy crypto
Bitcoin ETFs get greenlight from top federal regulator, after years of resistance. The fund will track the price of the cryptocurrency.
Bitcoin is on a tear. In the past year, the top cryptocurrency has gained more than 150%.
The massive run-up has come despite months of negative headlines, the successful prosecution of one of the biggest players in crypto, and after financial regulators and law enforcement targeted a long list of investors and promoters, executives and companies.
Now, crypto is getting a big boost. On Wednesday, Wall Street's top cop, the Securities and Exchange Commission (SEC), approved almost a dozen bitcoin ETFs, investment funds that will track bitcoin prices, and will pave the way for more of the public to buy it.
Steven McClurg, the co-founder of Valkyrie Investments,
