– SEC approves the first US-listed ETFs to track bitcoin
– Bitcoin's price spikes over $1,000 in response to the announcement.
–ETFs provide an easy way to invest in assets without owning them directly.
– BlackRock and Fidelity Investments secure a win with the SEC's approval.
– Expected launch sparks competition among ETFs for market share.
– The SEC approves ETFs but remains skeptical about cryptocurrencies.
– Gary Gensler urges investors to remain cautious.
Bitcoin's price, once at $16,000, hits $46,500 post-SEC approval, marking a significant rebound.
– Analysts predict ETFs could draw $50bn to $100bn, potentially driving bitcoin prices to $100,000.
Speculation arises about potential ETFs around Ethereum as the second-most popular cryptocurrency experiences a price rise.