ETF
An exchange-traded fund — a financial product that tracks an asset's price and trades on a stock exchange like a regular stock.
SEC
Definition
The SEC (Securities and Exchange Commission) is the U.S. government agency responsible for regulating financial markets. It decides which investment products can be offered to the public, including Bitcoin ETFs.
Example
The SEC rejected more than twenty Bitcoin ETF applications before finally approving 11 in January 2024.