Bitcoin touches 13-month high; crypto-linked stocks rise By Investing.com

), and Fidelity have filed applications to U.S. regulators to sell the ETFs, which would be backed by actual Bitcoin.

According to news reports, BlackRock's application has been seen by investors as a sign that the U.S. Securities and Exchange Commission may be on the verge of dropping its opposition to these types of products. The SEC has previously rejected similar instruments due to concerns over volatility and possible fraud or manipulation. Currently, the only cryptocurrency-linked ETFs that U.S. regulators have approved are tied to Bitcoin futures contracts, which are listed and monitored by the Chicago Mercantile Exchange.

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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Lower Ahead of FOMC Meeting Minutes – Market Updates Bitcoin NewsBitcoin dropped below $31,000 on Wednesday, as markets consolidated ahead of the upcoming Federal Open Market Committee (FOMC) minutes.
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