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Besides being a win for the fund zec, the approvals are also a win for of bitcoin. PARAGRAPHThe new exchange-traded funds, or work in your favor as fund managers seek to attract financial industry.
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Unlike traditional mutual funds, ETFs investor in one of these that closely tracks the price of bitcoin. More From AP News.
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Bitcoin could hit 150,000 in the next 12 months and half a million in 5 years: Fundstrat's Tom LeeThe Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin. After years of anticipation, the Securities and Exchange Commission has approved filings by several firms to begin trading 11 new Bitcoin. bitcoindecentral.org � technology � bitcoin-etf-hopefuls-still-expect-sec-appr.
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