Bitcoin has surged to its highest price since May 2021, reaching over $35,000, as expectations of demand from exchange-traded funds (ETFs) grow. The possible approval of the first US spot Bitcoin ETFs in the coming weeks has increased speculation and interest in the cryptocurrency. Asset managers BlackRock and Fidelity Investments are among those vying to offer these products. The US SEChas resisted approving ETFs investing directly in Bitcoin due to concerns about fraud and market manipulation, but the applications from major investment firms have raised hopes of a change in policy.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News