Crypto Mania ‘Deja Vu’ Risks Jeopardizing Bitcoin ETF Approval
- Volatility among the key concerns cited by SEC in January
- Fans parsing SEC rules to predict a decision as soon as August
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Cryptocurrency enthusiasts may turn out to be their own worst enemy when it comes to an exchange-traded fund backed by Bitcoin.
The largest virtual currency has soared about 40 percent to more than $8,000 since the start of July as speculation mounts that a Bitcoin ETF could be approved by the U.S. Securities and Exchange Commission within weeks.