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Bitcoin lifts after SEC approves 11 spot ETF filings

According to the news wire reports the US SEC has approved the granting of licences for 11 Bitcoin ETFs. This news has come from non direct sources (Reuters) and so I cannot say it is 100% accurate, but is what is being reported right now. However, so far Bitcoin has not exactly exploded on the news. Earlier this evening Bitcoin did take a dive to just below 45k and then rebounded briefly back above 46k. The price action since this news has emerged has not seen it move that much, but it now lifting back above 46k once more. It was trading at around 45,500 when the news broke. Perhaps the rather muted reaction is due to this news being priced into the market for some weeks now. Bitcoin is currently trading at 46,075

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