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Bitcoin falls, ether surges after SEC greenlights launch of U.S. bitcoin ETFs
Bitcoin fell late Wednesday afternoon after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency’s price traded lower by about 2% at $45,786.34, according to Coin Metrics. The approval has been one of the most widely anticipated events for crypto investors over the past few months. It’s regarded by many as a key catalyst for bitcoin and crypto broadly this year. The bull case is that it will bring a flood of new investors into the market. Bitcoin’s price is up 77% since late August, when optimism began to build ... (full story)