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The latest of them was the approval by the Securities and Exchange Commission for the first bitcoin-focused ETF, which began trading Tuesday and rose 5% in its debut.over the session, making it the second-most highly traded ETF debut ever. “Crypto is finding its footing as an investment vehicle, and the rollout of ETFs could be a big step in that direction,” said Lindsey Bell, the chief investment strategist at Ally Invest. She said the fund moves may not closely track price changes in bitcoin, making the ETF an imperfect proxy for investors.
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