SEC Approves Bitcoin ETFs for Everyday Investors.

The U.S. Securities and Exchange Commission (SEC) has approved the sale of exchange-traded funds (ETFs) that hold bitcoin, allowing mainstream investors to buy and sell the cryptocurrency as easily as stocks or mutual funds. This decision is seen as a game changer for the industry and has driven up the price of bitcoin. Previously, investors had to trade on crypto exchanges or purchase products that track bitcoin indirectly. The new ETFs, known as spot-bitcoin ETFs, are expected to begin trading soon. However, critics argue that this approval could set a dangerous precedent and make it harder for the SEC to protect investors. [Extracted from the article]