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International Business Times
International Business Times
Business
Nica Osorio

Bitcoin Leads Market-Wide Rally As SEC Approves 11 Bitcoin ETFs

Bitcoin SEC ARK ETF Crypto
Bitcoin on gamer keyboard (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • The SEC gave permission to sponsors of about a dozen Bitcoin ETFs
  • Trading of Bitcoin ETFs is expected to start Thursday
  • Bitcoin was trading in the green zone at $46,260.44as of 3:18 a.m. ET on Thursday

Bitcoin, after finally earning the stamp of approval from the Securities and Exchange Commission (SEC) that allowed the creation of a BTC exchange-traded fund (ETF) in the U.S., soared over 3% to $47,300, leading to a broader market-wide rally following the historic breakthrough in the nascent industry.

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