Crypto
US regulator authorises first spot bitcoin ETFs in crypto breakthrough
The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade
Bitcoin briefly scaled $47,000 in a muted reaction on Thursday after the US Securities and Exchange Commission approved exchange-traded funds (ETFs) that invest directly in the token, as traders wait to see how much money the products garner.
The move was heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond.
The Securities and Exchange Commission, whose three-part mandate includes ...
