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SEC Approves Bitcoin ETF, Opening Crypto to Wider Investor Base

After years of trial and error by would-be fund sponsors, cryptocurrency investing is finally opening up to the masses with the tacit U.S. approval of a bitcoin exchange-traded fund. ProShares, which filed for its Bitcoin Strategy ETF this past summer, may be the first to launch next week. Proponents of a bitcoin ETF believe the product will be more widely accessible for individuals interested in bitcoin than the actual cryptocurrency by giving investors a regulated alternative to the underlying digital asset.

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