The US Securities and Exchange Commission (SEC) recently published a statement on its official website about Bitcoin, the world’s most popular cryptocurrency. Approves ETF transactions he explained.

Immediately after the announcement, the Chicago Options Exchange (CBOE), the largest options exchange in the US, announced that it will launch ETF trades for Bitcoin starting tomorrow. Similar Bitcoin futures fund trading It became legal.

What does the beginning of ETF trades mean for Bitcoin, i.e. fund trading?

Currently, in order to make a transaction with Bitcoin, you had to own Bitcoin directly. SECs ETFOnce approved, CBOE will open one or more Bitcoin exchange-traded funds for trading. It therefore becomes possible to carry out transactions with Bitcoin-related investment products without purchasing Bitcoin directly.

Investors, now instead of buying Bitcoin directly They will be able to invest in these funds. Bitcoin ETFs approved by the SEC are as follows:

• Black rock
• Ark Invest
• Grayscale
• VanEck
• Bitwise
• Fidelity
• hashdex
• WisdomTree
• Invesco system
• Franklin
• Valkyrie

Why did the SEC approve Bitcoin funds out of the blue?

In fact, it’s hard to say that everything happened out of nowhere. The industry has been waiting for the SEC’s approval of Bitcoin ETFs for a while now. In fact, this is why Bitcoin increased its value to 47 thousand dollars. of Bitcoin possibility to be traded on the regular financial marketsInvestors started to increase their interest in Bitcoin again.

With this decision, there is a possibility that Bitcoin will increase its value again. However, in its article announcing its approval of ETFs, the SEC stated that Bitcoin is extreme a speculative investment instrument It clearly underlines that. So I read the news and say, “Bitcoin will flyWe certainly do not recommend that you invest all your assets in Bitcoin.

The SEC’s full statement on this topic can be found here.