Historic moment: the SEC approves bitcoin ETFs

Wednesday's SEC verdict allowing the launch of bitcoin ETFs was a significant step. This paves the way for mainstream investors to diversify their portfolios without directly owning the cryptocurrency. Read on to see how this breakthrough may change the market dynamics and what it represents for the future of bitcoin.

Wednesday became a historic day for the crypto world when the Securities and Exchange Commission (SEC) gave the green light for the launch of 11 new bitcoin spot ETFs. The decision will allow ordinary investors to gain access to the world's largest cryptocurrency without havingto hold bitcoin itself.

However, the excitement surrounding the move was disrupted by a fake social post claiming that approval had already been granted. This unauthorized post caused chaos on Wall Street and drew the attention of the SEC, which issued an official confirmation of approval about 24 hours later.

SEC Chairman Gary Gensler stressed in a statement that the approval of the ETF does not imply…