How the SEC's Bitcoin ETF Approval Affects Investors
The S&P 500 has reached a new all-time high, coming full circle in just two years, despite growing uncertainty around the economy, the path of Fed rate cuts, and rising interest rates. Outside of traditional asset classes, Bitcoin also recently reached its highest level in two years, following last year's run-up. This has been fueled by the broader rally in risk assets and the much-anticipated approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC).