SEC set to allow the first Bitcoin ETF
Securities and Exchange Commission USA is set to allow the first Bitcoin ETF (Exchange-traded fund) to go live. At the moment there are around 40 files that are currently being reviewed by SEC. According to different reports it is stated that the SEC is going to allow the ETF’s to go live. According to Bloomberg Proshares and Ivesco had filed for ETF and chances are that they would be approved and launched in the coming weeks. This is a historical achievement for the cryptocurrency as this is probably the start of new chapter for the market. ETF (Exchange-traded funded) is