Why did the SEC sign off on bitcoin exchange traded funds?
Could you elaborate on the rationale behind the SEC's approval of Bitcoin exchange-traded funds? What factors led to this decision, considering the volatile nature of cryptocurrencies and the potential risks involved? Did the SEC assess the maturity of the bitcoin market and the underlying technology? How do they view the potential impact of these funds on investors and the broader financial markets? Is this a sign of increasing acceptance of cryptocurrencies within the regulatory framework?