“While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse Bitcoin,” said SEC chairman Gary Gensler, in a statement. “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.”
For the last 10 years, the SEC has denied every attempt to create a Bitcoin ETF, which is a bundle of assets that sort of works like a mutual fund. Unlike a mutual fund, though, these…
