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Bitcoin climbs as ETF speculation fuels renaissance

CoinGuyCoinGuy Administrator
Hope springs eternal, especially for Bitcoin diehards when it comes to the prospects for the first cryptocurrency exchange-traded fund.

The largest virtual currency has rallied about 40 percent since the start of July, in part on speculation that the Securities and Exchange Commission may make a decision as soon as August. That’s helped to ease some of the sting from the price plunge that saw Bitcoin drop for a record high of almost $20,000 in December to around the $8,000 (USD) level Tuesday.

Bitwise Asset Management filed a registration statement Tuesday with the SEC to offer the first publicly traded crypto index fund, to be called the Bitwise HOLD 10 Cryptocurrency Index Fund.
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