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SEC Approves First Spot Bitcoin and Ethereum ETFs for 2024 Launch
The Securities Exchange Commission (SEC) has approved the first spot bitcoin and ethereum exchange-traded funds (ETFs), marking a significant milestone in the development of regulated crypto investment products.
As reported by CryptoNewsLand, this breakthrough is expected to have far-reaching implications for the broader cryptocurrency market. The approval of these ETFs enables conventional investors to purchase Bitcoins and Ethereum with a regulated financial asset, bringing the possibility of attracting more institutional investors into the space.
According to the report, the SEC has approved the launch of the Franklin Crypto Index ETF (FECET), which will track the performance of leading cryptocurrencies such as Bitcoin and Ethereum.
Source: cryptonewsland.com
