(Bloomberg) Less than two weeks after US regulators fired the starting gun for ten spot Bitcoin exchange-traded funds, it’s increasingly looking like a two-horse race for new assets.Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing Banks to Keep Smaller ReservesBlackRock’s iShares Bitcoin Trust
On Jan. 10, the SEC approved 11 spot Bitcoin exchange-traded funds (ETFs) for the first time. But Bitcoin remains a polarizing subject among regulators and asset managers.
Investors are hopeful that Fed rate cuts anticipated later this year will mean an uptick in traditional IPOs, and eventually pave the way for a recovery in the market.
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