ApexOne Finance

Bitcoin reached the $50,000 mark for the first time in over two years, propelled by anticipation of forthcoming interest rate reductions and recent regulatory approval for US ETFs aimed at mirroring its price movements. Investors are eagerly anticipating the upcoming Bitcoin "halving" expected in April, according to analysts. This event is intended to decrease the rate at which new Bitc…

The SEC has approved 11 ETFs for bitcoin in the US, allowing new investors to invest without buying bitcoin directly. ETFs are easy to trade and can be traded on stock exchanges. This development is a win for fund managers like BlackRock, Fidelity Investments, and Invesco, who have pushed for approval. Some products are expected to begin trading as early as Thursday, launching a fierce competitio…