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Bitcoin back in risk-on mode after ETF launch
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moneycontrol.comThe launch of the first Bitcoin futures exchange-traded fund (ETF) is being termed a red-letter day by the crypto enthusiast, and rightly so. The US SEC permitting a fund to launch an ETF based on the future price movement of a cryptocurrency is just one step away from accepting the underlying currencies as an asset class.
The first bitcoin-based exchange-traded fund, called the ProSharesBitcoin Strategy ETF, was launched on the New York Stock Exchange on October 19, 2021. BITO, as...
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