The US Securities and Exchange Commission has approved 11 spot exchange-traded funds (ETFs), including those from major issuers like BlackRock, Grayscale, Fidelity and Invesco.The approval is poised to revolutionize Bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without requiring them to hold it directly.Despite the approval, the SEC indicated it remained skeptical about the token, specifying that it 'did not approve or endorse bitcoin' in making its decision.
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