By Joe TidyCyber correspondent
Getty ImagesThe US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds.
It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors.
The announcement from the head of the Securities and Exchange Commission was accompanied by a stern warning about risks associated with the asset.
But cryptocurrency fans reacted with glee – and memes about becoming rich.
The US financial watchdog had repeatedly rebuffed earlier requests for approvals, citing concerns about potential for fraud and manipulation.
But a US court said last year its justification was inadequate.
The go-ahead comes after a false start on Tuesday, when the regulator had to rapidly withdraw an “unauthorised” post announcing the decision early.
SEC chairman Gary Gensler said on Wednesday that investors should not mistake…
