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SEC approves bitcoin ETFs (for real this time)

The Securities and Exchange Commission has approved the applications of 11 spot bitcoin ETFs in a highly anticipated decision.

“Bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing,” he wrote. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.” The attackers posted a rogue tweet claiming the funds had been approved, causing a temporary spike in the price of bitcoin.

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