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SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatileA federal appeals court had overturned the rejection of Grayscale's application to convert its Bitcoin trust into an ETF. US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the. The US securities regulator has approved the first US-listed exchange traded funds (ETF) to track bitcoin, in a watershed moment for the.
