BTC Near 21-month High After US Approve ETFs
Bitcoin remained steady on Thursday, reaching its highest level since March 2022, following the approval of the first U.S.-listed exchange-traded funds (ETFs) to track the cryptocurrency.
The Securities and Exchange Commission (SEC) approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck.
Three of the ETFs were trading by 0930 GMT Thursday, with more expected to begin later in the day. Bitcoin has risen nearly 9% this year and reached $47,915 on Tuesday, its highest since March 2022.
It more than doubled in price last year, marking a recovery after a turbulent 2022 for the crypto industry.
(With inputs from Shikha Singh)
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