From Dow Jones & Company:

Crypto enthusiasts are eagerly awaiting the launch of the first U.S. exchange-traded funds that hold bitcoin. However, regulatory approval is not guaranteed, despite the excitement in the crypto world. The Securities and Exchange Commission faces a final deadline on Wednesday to approve or reject at least one of the 11 applications for these funds. The funds, known as spot bitcoin ETFs, have caused bitcoin to surge, reaching over $47,000, its highest level in about two years.

(Source: https://www.wsj.com/finance/regulation/the-crypto-industry-holds-its-breath-in-anticipation-of-the-first-spot-bitcoin-etfs-fed067ec)



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