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Will a US Bitcoin ETF send the Bitcoin price to new record highs?

Sumary of Will a US Bitcoin ETF send the Bitcoin price to new record highs?:

  • That according to Bitcoin price data from CoinDesk, which also tells me Bitcoin is still trading below its all-time highs of US$61,557, which it reached this past Sunday 14 March…
  • as Bitcoin is to buy and sell, according to its enthusiasts, needing to work through crypto exchanges and using a digital wallet has kept many investors, at an apparently significant cost, from dipping their toes into the crypto market…
  • These issues have driven a rising investor demand for Bitcoin exchange-traded products (ETPs) and exchange traded funds (ETFs) Would a US Bitcoin ETF send Bitcoin to new record highs?..
  • As Bloomberg notes, a Bitcoin ETF already exists in Europe on the Stockholm Stock Exchange – the $2.7 billion Bitcoin Tracker EUR…
  • But the United States Securities and Exchange Commission (SEC) has been reluctant to give the green light to a US-listed Bitcoin ETF…
  • SEC is concerned, among other things, with the extreme price swings and Bitcoin alleged use in illegal transactions…
  • Yet with the world largest digital coin rallying to new heights and a change of leadership at the Securities and Exchange Commission, the prospect of a first U.S….

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