A new court ruling has opened the door for the first Bitcoin exchange-traded fund.

<div class="block">A new court ruling has opened the door for the first Bitcoin exchange-traded fund.</div>

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Court Ruling Could Open Door for First Bitcoin ETF

A new court ruling has opened the door for the first Bitcoin Exchange traded funds or Bitcoin etfs. An appeals court ruled in favor of Grayscale after regulators blocked them from turning their existing Bitcoin trust into an ETF. A Bitcoin ETF would be a fund consisting of Bitcoin and related assets and would be traded on a traditional stock exchange. Grayscale calls the ruling a quote monumental step forward for American investors.