Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency

About a dozen companies, including BlackRock, Fidelity and Grayscale, tried to create bitcoin (BTC) ETF. In recent days they have announced (and, in some cases, reduced) the fees they plan to charge investors, suggesting that a fierce battle to collect investors' money is coming. These are spot ETFs, meaning they hold bitcoin itself, unlike already approved bitcoin futures ETFs, which hold derivative contracts tied to BTC.