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Crypto enthusiasts celebrated the approval of the funds by the US Securities and Exchange Ali crypto prediction last week after more than a decade of rejections. Supporters ali crypto prediction it will attract new investors to the token and boost its price in the long term.

Growing speculation that the SEC would approve so-called spot bitcoin ETFs had pushed the price of bitcoin http://besttodaynew.com/crypto-coin/section-112-crypto-arena.html more than 70 per cent since October. However, bitcoin has fallen roughly 6 per cent since their approval.

Grayscale, which has run a bitcoin trust sincehelped open the door to regulatory approval for bitcoin ETFs after winning a court victory against the SEC last year. But analysts said its conversion last week offered investors an opportunity to exit their holdings. Previously, investors had been able to sell their ali crypto prediction only in the over-the-counter market, and they often traded at a large discount to the price of bitcoin.

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