US regulators are expected to decide on approving the first bitcoin exchange-traded fund (ETF), which could bring bitcoin further into the financial mainstream. The price of bitcoin has already surged in anticipation of the SEC's approval. An ETF is an easy way to invest in something without owning it, and a bitcoin ETF would allow new investors to enter the market without the need for additional steps. The SEC has received applications for 11 bitcoin ETFs, and the agency could approve or reject them all on the same day. However, some crypto enthusiasts may object to ETFs as they introduce traditional financial intermediaries into the crypto world and charge fees.
