The US Securities and Exchange Commission (SEC) is expected to approve Ark Make Investments’ Bitcoin exchange-traded fund (ETF) later this week. The Ark Invest Bitcoin ETF has been in the regulatory queue for several months and has piqued the interest of both buyers and industry observers. If approved, the ETF will allow investors to gain exposure to Bitcoin without holding the underlying asset. The transfer is regarded as a significant step forward for the cryptocurrency industry, since it may result in further adoption among institutional buyers.
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