Market Wrap: Bitcoin Reaches K as SEC’s ETF Deadline Nears
Bitcoin rose to $61,000 Friday as traders eagerly anticipate approval of a bitcoin exchange-traded fund (ETF) in the U.S. Enthusiasm for such an approval contributed to a near 6% jump in BTC’s price over the past 24 hours.The U.S. Securities and Exchange Commission (SEC) is reviewing around 40 bitcoin ETF product filings and has multiple decision deadlines to make a decision on futures-linked ETFs starting next week. According to Bloomberg, the regulator is expected to approve at least some of them, clearing the way for an anticipated hike in trading to begin.An exchange-traded fund is a type of security that…