From Dow Jones & Company:

The US Securities and Exchange Commission has approved the launch of 11 bitcoin ETFs, making it the first time the SEC has given the green light for exchange-traded funds investing directly in bitcoin. However, the 24 hours leading up to the approval were chaotic, with the SEC’s official Twitter account posting an unauthorized tweet about the approval, then later deleting it, citing it was “compromised.” The events have proven a bit embarrassing for the SEC, despite the warnings of the risks associated with cryptocurrencies. Regardless, investors have been pricing in $1 to $2 billion of initial flows into the bitcoin ETFs.



Read more: Bitcoin ETFs finally approved after a chaotic, ‘embarrassing’ 24 hours for SEC