SEC Issued a License to Cryptocurrency Fund

Representatives of SEC, the main financial regulator in the United States, issued a license to the Bitcoin Strategy Fund, which will work exclusively with Bitcoin futures.

Important to note is that this fund will work on regulated exchanges only. There are now 2.5 million shares (NYDIG) publicly traded at $10 apiece.

As of the time of writing, Bitcoin futures can only be bought on CME, a similar product should appear on the Bakkt site very soon.

Leave a Reply

Your email address will not be published. Required fields are marked *