US to allow Bitcoin to be part of mainstream investing funds | BBC News

The US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds. It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors. The announcement from the head of the Securities and Exchange Commission was accompanied by a stern warning about risks associated with the asset. The US financial watchdog had repeatedly rebuffed earlier requests for approvals, citing concerns about potential for fraud and manipulation. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #BBCNews