Spot Bitcoin ETFs: How to invest and what it means

For the first time ever, the Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded-funds, opening the door for easier access to investing in the largest cryptocurrency by market value and offering investors more protection, among other benefits detailed by SEC Chair Gary Gensler in his announcement on Wednesday.

“These products will be listed and traded on registered national securities exchanges. Such regulated exchanges are required to have rules designed to prevent fraud and manipulation, and we will monitor them closely to ensure that they are enforcing those rules. Furthermore, the Commission will fully investigate any fraud or manipulation in the securities markets, including schemes that use social media platforms”