Financial giants including BlackRock and Fidelity are looking to launch a bitcoin investment vehicle for people who do or cannot hold bitcoin directly.
One analyst believes SEC Chair Gary Gensler has little choice but to soon approve the long-awaited vehicle.
More than $80 million in derivatives positions have been liquidated in the past hour as bitcoin (BTC) surged from $27,900 to $30,000 following an unverified about a spot ETF approval.