Bitcoin prices hit $51,757 (€48,274) on Wednesday afternoon, the highest since the beginning of December 2021, following surging demand for Bitcoin exchange-traded funds (ETFs). The US Securities and Exchange Commission approved the first US-listed Bitcoin ETF in January 2024, in an historic move for the global cryptocurrency industry. The initial response was not as expected, due to investors still being wary about the risks posed by cryptocurrency. However, in the 30 days following the approval, Bitcoin ETFs have already accounted for about 5% of total tradeable Bitcoin supply, according to …

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