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Bitcoin ETFs Were Finally Approved: Here's What It Means for Investors and How They Could Unlock Billions of Dollars

TheMotleyFool

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Bitcoin ETFs Were Finally Approved: Here's What It Means for Investors and How They Could Unlock Billions of Dollars: https://g.foolcdn.com/editorial/images/760752/bitcoin-cryptocurrency-on-wall-street.jpg

In a landmark decision, the Securities and Exchange Commission (SEC) approved 13 applications to create a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). With the inability to purchase Bitcoin directly, the spot ETF is heralded as the mechanism that will allow deep-pocketed institutions to gain Bitcoin exposure.

Now that Bitcoin has a home on Wall Street, a new chapter has begun in the cryptocurrency's historic story. Here's what every Bitcoin investor needs to know about this momentous event.

Image source: Getty Images.

Source Fool.com

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