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Bitcoin's ETF Hangover Saddles the Token With its Worst Streak in a Month

(Bloomberg) -- Bitcoin posted its worst streak in about a month amid ebbing fanfare over new US exchange-traded funds for the largest digital asset.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteNvidia’s Red-Hot 2024 Start a Bright Spot as S&P 500 Eyes RecordThe token fell as much as 1.9% before paring some of the s...
Bitcoin Etfs Bloomberg Businessweek Bloomberg Bitcoin Noelle Acheson Eric Balchunas Fidelity Wise Origin Bitcoin Fund
Source: yahoo.com

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Bitcoin ETFs endorsed

The nationโ€™s financial regulator on Friday rejected the proposed introduction of U.S. spot bitcoin exchange-traded funds (ETFs) in the domestic market. The Financial Services Commission (FSC) said in a statement, Any trading of the overseas-listed cryptocurrency ETFs may infringe upon the Capital Markets Act on related assets. An FSC official added that it would be difficult for Korea to follow suit as the two nations have different legal systems.
Soult Ukpyolsi South Korea New Delhi Rhee Chang Yong National Assembly Financial Services Commission

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