Bitcoin is trading higher after the SEC reportedly approved the iShares Bitcoin spot ETF. UPDATE: Rumors of approval were later reported as false.
Portfolio Pulse from Benzinga Newsdesk
The SEC has reportedly approved the iShares Bitcoin spot ETF, leading to a rise in Bitcoin trading.
October 16, 2023 | 1:35 pm
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POSITIVE IMPACT
Bitcoin's value is likely to increase in the short term due to the SEC's approval of the iShares Bitcoin spot ETF.
The approval of the iShares Bitcoin spot ETF by the SEC is a significant regulatory milestone that could lead to increased institutional investment in Bitcoin, thereby driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100