Bitcoin Jumps to 21-Month High With ETF Approval Seen Imminent
- Prospective ETF issuers filed amended forms with the SEC
- Analysts expect SEC to weigh in on applications by Jan. 10
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Bitcoin rose above $47,000 for the first time since April 2022 with US regulators seen as being poised to approve exchange-traded funds that invest directly in the digital asset for the first time.
BlackRock Inc., Ark and several other prospective issuers of exchange-traded funds filed amended forms earlier Monday in what is seen by analysts as a final push to offer the investment products more than a decade after the first application was filed.