The U.S. Securities and Exchange Commission (SEC) has recently approved Grayscale's application to convert its Bitcoin Trust into an exchange-traded fund (ETF). This will allow investors to get exposure to bitcoin without having to own the underlying asset. The ETF is expected to be listed on the NYSE and traded under the symbol GBTC.

In addition to providing investors with an easy and secure way to invest in bitcoin, this move could also help strengthen the legitimacy of the cryptocurrency industry as a whole.

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