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Bitcoin Breaks Highs As ETF Fever Grows
Bitcoin is trading at fresh year to date highs today as excitement builds around potential SEC approval of BTC ETF applications. Today marks the start of the first 8-day approval window ate the SEC for approving ETF applications ahead of the current January deadline. There are currently 12 applications pending with the SEC. Speculation around SEC approval has been a major driver of Bitcoin upside in recent months, fuelling the breakout above the 32185 level last month. On the back of the recent Grayscale court victory, the market has taken the view that Bitcoin ETF approval is a more a case of ‘when’ rather than ... (full story)
