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SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatileThe US SEC's bitcoin ETF approval is considered a watershed move; Eleven funds, from Blackrock and Fidelity, among others, will begin trading. Co-Founder & Executive Chairman at Blockchain . This decision allows 11 investment firms, including BlackRock, Fidelity, and Franklin Templeton to list Bitcoin-based ETFs on major US exchanges.