Bitcoin is on a tear. In the past year, the the top cryptocurrency has gained more than 150%.
The massive run-up has come despite months of negative headlines, the successful prosecution of one of the biggest players in crypto, and after financial regulators and law enforcement targeted a long list of investors and promoters, executives and companies.
Now, crypto is getting a big boost. On Wednesday, Wall Street’s top cop, the Securities and Exchange Commission (SEC), approved a bitcoin ETF, an investment fund that will track bitcoin prices, and will pave the way for more of the public to buy it.
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