US regulators approve Bitcoin ETFs – what it means for UK crypto fans

US crypto fans can now invest in Bitcoin exchange traded funds but UK investors are likely to remain blocked

bitcoin graph
US crypto fans can now invest in Bitcoin exchange traded funds but UK investors are likely to remain blocked
(Image credit: Getty Images/Andriy Onufriyenko)

US regulators have approved the country's first investment products set up to directly track the price of Bitcoin.

The US Securities and Exchange Commission (SEC) last week approved the launch of 11 exchange traded funds (ETFs), which follow the price of Bitcoin, and are known as spot ETFs.

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