Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year. The largest digital asset rose as much as 10.3% before paring some of the increase to trade at $33,450 as of 6:49 a.m. in Singapore on Tuesday, taking its year-to-date rebound from last year’s digital-asset rout to 102%. The possible approval in coming weeks of the first US spot Bitcoin ETFs is stoking speculative demand for the token. Asset managers BlackRock Inc. and Fidelity Investments are among those in the race to offer such products. A US federal appeals court on Monday ... (full story)