on stock exchanges. the approval of the bitcoin exchange traded funds, or etfs, is seen by supporters as a watershed for crypto, giving it financial respectability and mainstream acceptance on wall street, after a string of controversies. erin delmore reports from new york. this decision was years in the making and now it will allow people and institutions to invest in bitcoin almost as easily as they buy stocks. the move could increase demand for bitcoin and legitimacy for the crypto currency industry, which has weathered scandal and scepticism. sec chair did not shy away from that in a statement saying, while we approve the listing and trading of certain ept spot bitcoin shares today, we did not approve or endorse bitcoin. he said investors should remain caution about the risks associated with bitcoin and said the crypto currency is, primarily a speculative volatile asset. while investors and crypto watchers awaited the decision, a false tweet was posted on the sec official
on stock exchanges. the approval of the bitcoin exchange traded funds, or etfs, is seen by supporters as a watershed for crypto, giving it financial respectability and mainstream acceptance on wall street, after a string of controversies. erin delmore reports from new york. this decision was years in the making and now it will allow people and institutions to invest in bitcoin almost as easily as they buy stocks. the move could increase demand for bitcoin and legitimacy for the crypto currency industry, which has weathered scandal and scepticism. sec chair did not shy away from that in a statement saying, while we approve the listing and trading of certain ept spot bitcoin shares today, we did not approve or endorse bitcoin. he said investors should remain caution about the risks associated with bitcoin and said the crypto currency is,
to caving the end. is at the riaht to caving the end. is at the right moves? to caving the end. is at the right moves? deep - to caving the end. is at the right moves? deep sigh. . to caving the end. is at the right moves? deep sigh. if| right moves? deep sigh. if ou re right moves? deep sigh. if you re a right moves? deep sigh. if you re a crypto right moves? deep sigh. if you re a crypto believer . right moves? deep sigh. if| you re a crypto believer you will probably be quite excited about it, as you said it provides to legitimacy. originally people were excited about crypto was the lack of regulatory oversight, it was seen as tradable but after all this scandals we have seen with various companies, i think some regulatory approval will be welcomed by crypto fans. the theory guess it opens a tidal wave of anyone who can access bitcoin. a $46,000 investment is not something everybody can do so that there is a money flows into the fund, the fund buys more bitcoin, the price goes
primarily a speculative volatile asset. while investors and crypto watchers awaited the decision, a false tweet was posted on the sec official ex account a day earlier saying it had been approved. they said the social media account was compromised in an investigation is ongoing. russ mould is investment director at aj bell. good morning to you. wasn t this just inevitable? to good morning to you. wasn t this just inevitable? thisjust inevitable? to a de . ree thisjust inevitable? to a degree it thisjust inevitable? to a degree it was, thisjust inevitable? to a degree it was, partly - thisjust inevitable? to a - degree it was, partly because the securities and exchange commission has been dragged kicking and screaming into it, having lost a lawsuit against what of the manager fund providers who pointed out it was already possible to trade funds that were derivatives of bitcoin. this is giving investors a chance to invest in these funds in the spot price, these funds in the spot pri
and wondering neither gold nor bitcoin does is generate cash or offer yield. interesting. good to get your take on this. see you again soon. to the uk now and what prime minister rishi sunak has called, one of the greatest miscarriages ofjustice in our nation s history . as you have been hearing, the government has announced new legislation to clear the names of hundreds of post office managers wrongly convicted of theft and false accounting. don t like gold. ican i can announce i can announce we i can announce we will introduce new primary legislation to make sure those convicted as a result of the arise scandal are swiftly exonerated and compensated. horizon. the post office scandal was a result of faulty accounting software designed by japanese it giant fujitsu, which showed money was missing when it wasn t. as our business editor simonjack explains, scrutiny is now falling on the