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Regulators approve new bitcoin funds in move that could spur more investment in digital currency

The Securities and Exchange Commission reluctantly approved the first exchange-traded fund for bitcoin on Wednesday, saying it is still deeply skeptical about cryptocurrencies and that the SEC “did not approve or endorse bitcoin” in its decision.

Bitcoin Funds To Debut On Public Markets, Get US Regulators Approval

US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency.

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