After years of waiting, it’s finally here—the long-awaited spot Bitcoin ETF.
And its 10 fraternal twins.
Whether you’re wondering what I’m talking about, or you know exactly what I’m talking about and want to learn more, read on as we discuss one of the most important Wall Street developments in years.
The Tea
The U.S. Securities and Exchange Commission on Wednesday announced the approval of 11 exchange-traded funds (ETFs), dubbed “spot Bitcoin ETFs,” that are designed to track the “spot” price of the Bitcoin cryptocurrency—which means it’s trying to replicate the actual trading price of Bitcoin.
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