Having disapproved more than 20 exchange rule filings for spot Bitcoin exchange-traded products over the last seven years, the US Securities and Exchange Commission finally gave the green light for Bitcoin exchange-traded funds in January.
The move gave investors the opportunity for direct exposure to the cryptocurrency rather than secondary exposure via ETFs that invest in Bitcoin futures contracts, which have been available since December 2017.
At the time of writing, the price of Bitcoin was $42,243.20,
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