{"id":87022,"date":"2024-01-11T00:10:57","date_gmt":"2024-01-11T05:10:57","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87022"},"modified":"2024-01-10T23:11:42","modified_gmt":"2024-01-11T04:11:42","slug":"sec-approves-rule-changes-that-pave-the-way-for-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2024\/sec-approves-rule-changes-that-pave-the-way-for-bitcoin-etfs.html","title":{"rendered":"SEC approves rule changes that pave the way for bitcoin ETFs"},"content":{"rendered":"\n<p>(CNBC) The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2024\/34-99306.pdf\" target=\"_blank\">decision<\/a> will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF, as well as the launch of competing funds from mainstream issuers such as BlackRock\u2019s iShares and Fidelity. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/01\/10\/sec-approves-rule-changes-that-pave-the-way-for-bitcoin-etfs.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87022","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87022"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87022\/revisions"}],"predecessor-version":[{"id":87023,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87022\/revisions\/87023"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}