In watershed for crypto market, SEC approves first US-listed ETFs to track bitcoin

In watershed for crypto market, SEC approves first US-listed ETFs to track bitcoin

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo

The US securities regulator on Wednesday approved the first US-listed exchange-traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world’s largest cryptocurrency and the broader crypto industry.

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