Cryptocurrencies
Optimism for Approval of First Bitcoin ETF Hits Fever Pitch
- Ark, BlockFi file for futures-based Bitcoin ETFs in past week
- SEC is set to reject or delay ETF applications by Monday
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Optimism is sky-high in the $6.7 trillion exchange-traded fund industry that after nearly a decade, the first U.S. Bitcoin fund could begin trading next week.
Shares of Bitcoin jumped around $1,000 within minutes in late afternoon trading after the U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy tweeted a June advisory about investing in funds that hold Bitcoin futures.