US regulator approves spot Bitcoin exchange-traded funds

Bitcoin price has been fluctuating wildly in recent days due to fake posts from compromised SEC social media account

By Ovunc Kutlu

ISTANBUL (AA) - The US Securities and Exchange Commission (SEC) on Wednesday approved spot Bitcoin exchange-traded funds, also known as ETFs.

The much-awaited decision will allow investors to trade Bitcoin and cryptocurrencies, which is a highly volatile market.

The price of Bitcoin, the world's biggest cryptocurrency, has been fluctuating wildly in recent days due to fake posts from a compromised SEC social media account.

The SEC's account on X was compromised on Tuesday, leading to an unauthorized post which said that spot Bitcoin ETFs were approved.

The regulator later said it had not yet granted approval of the funds.

Kaynak:

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