November 18, 2024 6:31 am
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SEC to decide this week whether Bitcoin could become the next ETF star

Enthusiasm about a bitcoin-based ETF helped drive the currency to a new record near $1,300 last week / PHOTO- CHRIS RATCLIFFE:BLOOMBERG NEWS

By Paul Vigna | The Wall Street Journal

Bitcoin may soon be coming to an exchange-traded fund nearer to you.

For Wall Street, the eight-year-old cryptocurrency is still a small asset class, but one that could boom in the future. An ETF could serve as a bridge from bitcoin’s current status as a counterculture technology to mainstream acceptance.

Enthusiasm about a bitcoin-based ETF helped drive the currency to a new record near $1,300 last week. The Securities and Exchange Commission is due to decide this week whether to give a green light to a new ETF that would give investors easier access to the digital currency.

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