The Securities and Exchange Commission (SEC) gave the green light to several Bitcoin ETFs.Singapore doesn't think cryptocurrencies like Bitcoin are suitable for ETFs. However, licensed market intermediaries in Singapore can offer investments in foreign markets, but they must clearly explain risks to customers.Even though local brokers allow people in Singapore to trade foreign Bitcoin ETFs, cryptocurrencies like Bitcoin aren't regulated under the Securities and Futures Act. This is because Bitcoin is highly volatile, making it risky for retail investors.The MAS spokesperson cautioned that Bitcoin trading is very speculative, especially in foreign markets, where additional risks exist. In the U.S., after approving Bitcoin ETFs, trading volume reached $10 billion in just three days

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