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Bitcoin (BTC) Price Saw 27% October Surge as Traders ‘Panic Bought’ Amid Spot Bitcoin ETF Enthusiasm. Is $40,000 Next for BTC?

November 1, 2023
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ETFs could be a giant deal for bitcoin as a result of they’re far simpler for the typical investor to purchase than the cryptocurrency itself or current bitcoin funding merchandise, just like the Grayscale Bitcoin Belief (GBTC) with $21 billion property underneath administration. The U.S. Securities and Change Fee rejected GBTC’s conversion into one, however courts have eviscerated that call, boosting the chances the SEC should approve that shift – and sure additionally bless ETF purposes from the likes of BlackRock, the world’s largest asset supervisor.



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Tags: BitcoinboughtBTCEnthusiasmETFOctoberPanicPricespotsurgeTraders
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