Approval by US regulators of exchange-traded funds that invest directly in world’s top crypto could reportedly drive up the price Bitcoin could surge to record highs this year following a landmark approval of the first-ever spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC), according to a report by CNBC. ETFs allow more retail investors to hold Bitcoin indirectly via a share traded on a stock exchange. The SEC on Wednesday approved rule changes to allow the creation of the ETFs but said the move “should in no way signal the Commission’s willingness to approve listing standa
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