US to allow Bitcoin to be part of mainstream investing funds | BBC News

The US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds.

It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors.

The announcement from the head of the Securities and Exchange Commission was accompanied by a stern warning about risks associated with the asset.

The US financial watchdog had repeatedly rebuffed earlier requests for approvals, citing concerns about potential for fraud and manipulation.

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