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WEKU
WEKU
Business
David Gura

U.S. says yes to new bitcoin funds, paving the way for more Americans to buy crypto

Bitcoin SEC Crypto Gary Gensler BlackRock Cryptocurrency Dalia Blass ETF Grayscale the Securities and Exchange Commission
The Securities and Exchange Commission, under Chair Gary Gensler, has approved several spot bitcoin exchange-traded funds, which will track the cryptocurrency's price. (Drew Angerer/Getty Images)

Bitcoin is on a tear. In the past year, the top cryptocurrency has gained more than 150%.

The massive run-up has come despite months of negative headlines, the successful prosecution of one of the biggest players in crypto, and after financial regulators and law enforcement targeted a long list of investors and promoters, executives and companies.

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