Bitcoin has surged nearly 15 percent since Monday amid speculation that BlackRock’s proposed exchange-traded fund (ETF) for bitcoin could be nearing regulatory approval. The often-volatile cryptocurrency jumped to just shy of $35,000 on Monday night and has hovered around $34,000 for the last two days, reaching its highest price in nearly a year and a half. The bitcoin rally comes after traders noticed that BlackRock’s iShares Bitcoin Trust had appeared on an eligibility list controlled by the Depository Trust and Clearing Corporation (DTCC). However, the securities clearinghouse told Reuters that the proposed bitcoin ETF had been added to the list in August as “standard practice
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