Bitcoin Advances as Optimism Builds About ETF Approval by SEC

bitcoin rebounded amid renewed speculation that the US securities regulator is moving closer to approving an exchange-traded fund that invests directly in the largest token.

Bitcoin advanced as much as 2.1% and was trading around $43,000 at 12:10 pm in London, recovering from Tuesday's decline. Other major cryptocurrencies also gained. Bitcoin cashone of the first offshoots of the original digital currency, surged as much as 14% after investors piled into an investment vehicle tracking the token.

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