Bitcoin has rallied for months forward of the anticipated launch of the primary U.S. exchange-traded funds to carry the cryptocurrency. Skeptics say it’s practically out of room to run.
The Securities and Change Fee may approve the funds, often known as spot bitcoin ETFs, as quickly as subsequent week. Approval would mark a watershed second for the business, permitting traders to buy bitcoin of their brokerage accounts as simply as shares. (Funds that monitor bitcoin futures are already in the marketplace.)
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