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GAME OVER: Bitcoin ETF Approved (What This Means)11 spot Bitcoin ETFs have been approved by the SEC, setting the stage for institutional investors to take the plunge into cryptocurrency. There are a growing number of investment vehicles open to investors looking to gain exposure to Bitcoin and other cryptocurrencies. ETPs have a number of. Crypto ETPs are regulated financial instruments that track the performance of one or more cryptocurrencies. They offer several benefits over direct investment.