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Big Players Are Boosting Bitcoin Holdings
The Securities and Exchange Commission (SEC) could finally change its tune regarding spot Bitcoin exchange traded funds. A notable rally in the largest cryptocurrency fueled speculation. And data indicate large institutional players are increasing their Bitcoin holdings. That could prove impactful for equity-based, crypto-related exchange traded funds, such as the Invesco Alerian Galaxy Crypto Economy ETF (SATO). Actually, it already is as SATO is higher by a staggering 147% on a year-to-date basis. Bitcoin has been trending higher over the past several weeks as a slew of traditional asset managers, including some of ... (full story)