From Dow Jones & Company:

Regulators have approved the first U.S. exchange-traded funds holding bitcoin. Crypto enthusiasts hope these funds, backed by BlackRock and Fidelity, will attract mainstream investors to bitcoin. The new ETFs are similar to gold ETFs in the early 2000s, offering a convenient way to invest in the asset without physically owning it. Instead of buying physical gold, investors can now buy shares in a gold fund through their brokerage, similar to buying stocks. This move could expand bitcoin’s reach and make it more accessible to traditional investors.



Read more: Here’s How the New Bitcoin ETFs Will Work