U.S. SEC has approved first ETFs to track bitcoin, Reuters reports

The Securities and Exchange Commission, SEC, approved the first U.S.-listed exchange traded funds, ETFs, to track bitcoin, Hannah Lang and Suzanne McGee of Reuters reports. The SEC approved 11 applications, including ones from BlackRock (BLK), Ark Investments/21 Shares, Fidelity, Invesco (IVZ), and VanEck, the regulator said, according to Reuters. This approval comes despite warnings from some officials and investor advocates that the products carried risks.