🔸The SEC (the agency that regulates the stock market in the U.S.) has just approved that Bitcoin and Ethereum ETFs (exchange-traded funds that trade like stocks) can operate in a much simpler way.
Now, large investors managing these funds will be able to directly exchange Bitcoin or Ethereum for ETF shares, instead of having to use cash. This makes the entire process faster, cheaper, and more efficient.
It is an important signal that the SEC, under its new chairman, Paul Atkins, is opening the door to cryptocurrencies, and it is expected that this will attract more large investors to the Bitcoin and Ethereum market.$ETH