Bitcoin Jumps. Traders Are Hoping for News About a Crypto ETF Approval.

Updated Oct 16, 2023, 11:40 am EDT / Original Oct 16, 2023, 5:13 am EDT

and other cryptocurrencies surged Monday on the rising possibility that the Securities and Exchange Commission soon will approve the first spot Bitcoin exchange-traded fund. But investors hoping for an immediate nod should be wary—there will be more speed bumps along the road.

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