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SEC False ETF Approval Reveals What�s Next For Crypto! (Why I�m Selling My BTC)The Securities and Exchange Commission authorized 11 applications to offer exchange-traded funds tied to Bitcoin, a potentially simpler way for. NEW YORK (AP) � The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin. The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, which are set to begin trading on Thursday.