Several so-called bitcoin funds have now been approved and can be traded on the stock exchange.
Photo: DADO RUVIC / Reuters / NTBPublisert:
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The US Financial Supervisory Authority (SEC) writes on Thursday evening that it has approved the much talked about bitcoin products.
This means that bitcoin ETFs bitcoin ETFs An exchange-traded fund (ETF) is a collection of securities. ETFs are traded on an exchange, in the same way as shares. Now they can be listed and traded on Wall Street. An ETF is a collection of securities that can be traded in the same way as a stock.
On Tuesday, there was complete confusion when the SEC’s X account (formerly Twitter) published a message in which they wrote that the bitcoin ETFs had been approved.
– It is a huge milestone that bitcoin is recognized as a large-scale traditional investment, says CEO Jad Comair of Melanion Capitol, according to the Financial Times. They are the first company to create bitcoin-focused ETFs in the EU.
– We are now opening doors to Wall Street, he says.
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Soon after, SEC chief Gary Gensler refuted the report, saying the X account was compromised.
The bitcoin exchange rate had big impacts on Tuesday, but after the confirmation on Wednesday it is relatively stable.
A bitcoin now costs 45,553 dollars, or almost half a million kroner.
Twins Tyler and Cameron Winklevoss have long been proponents of cryptocurrency. They are also known to have claimed that it was they and not Mark Zuckerberg who had the idea for Facebook. Photo: Richard Drew / AP / NTB
A total of eleven funds have received approval, writes Bloomberg.
According to the Financial Times, the first ETF funds are expected to be available for trading on Wall Street as early as Thursday.
The SEC has been a staunch opponent of cryptocurrency for years, but has bowed to pressure.
According to Bloomberg, Tyler and Cameron Winklewoss proposed bitcoin ETFs as early as 2013. At the time, they were turned down.
bitcoin has risen steadily through 2023, largely due to continued speculation that the ETFs would eventually be approved.
2024-01-10 21:32:09
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