2023-12-27 23:10:11
© Reuters Cryptocurrencies: Bitcoin and Ethereum advance, seeing catalysts for ETF approval
Bitcoin and traded higher on Wednesday, 27, as investors take stock of the recent rally and wait for more catalysts ahead of the long-awaited regulatory approval of the spot cryptocurrency ETF (exchange-traded fund) by the Securities and Exchange Commission (SEC). , equivalent to the Securities and Exchange Commission (CVM) in the USA.
The rally after falling more than 2% yesterday was fueled by expectations that the SEC is likely to grant approval to ETFs that propose purchasing crypto tokens in the spot market. The first set of approvals is expected as early as January. The SEC held talks this month with asset managers hoping to launch bitcoin ETFs.
Low liquidity due to the end of year celebrations also contributed to the movement. At around 5:15 pm (Brasília time), bitcoin rose 2.58%, to US$ 43,197.89 (R$ 208,848.44) and advanced 6.24%, to US$ 2,354.03 (R$ 11,372.39 ), according to Coinbase (NASDAQ:).
*With information from Dow Jones Newswires.
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