Published
The US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds.
It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors.
The announcement from the head of the Securities and Exchange Commission was accompanied by a stern warning about risks associated with the asset.
The US financial watchdog had repeatedly rebuffed earlier requests for approvals, citing concerns about potential for fraud and manipulation.
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It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors.
The announcement from the head of the Securities and Exchange Commission was accompanied by a stern warning about risks associated with the asset.
The US financial watchdog had repeatedly rebuffed earlier requests for approvals, citing concerns about potential for fraud and manipulation.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#BBCNews
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