Bitcoin jumps as ETF approval optimism hits fever pitch

cryptocurrency 19 hours ago
In the past week, crypto lender BlockFi Inc. and Cathie Wood’s Ark Investment Management have put their names on applications for futures-backed Bitcoin ETFs, a structure that Securities and Exchange Commission Chairman Gary Gensler has hinted that he’d be open to. Meanwhile, Valkyrie Investments updated its futures-backed ETF prospectus with the ticker BTF on Wednesday -- typically a sign that an issuer is nearing launch, according to Bloomberg Intelligence’s Eric Balchunas.
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