Bitcoin holds firm after regulators approve ETFs


FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo

SINGAPORE: Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds (ETFs) to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors.

The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock , Ark Investments/21Shares, Fidelity, Invesco and VanEck, with most of the products expected to begin trading later in the day.

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Bitcoin , ETF , SEC

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