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Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30,000 Level

(Bloomberg) A Bitcoin rally paused around $30,000 as investors assessed a flurry of applications in the US to start exchange-traded funds investing in the token’s spot market, products regulators there have so far resisted.Most Read from BloombergTitanic Sub Hunt Chases Mystery Noises as Air Supply Runs LowChina Says Biden Calling Xi a Dictator Is ‘Provocation’Modi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaPowell Signals Higher Rates as Lawmakers Press Him on Bank Rule ....

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Bitcoin Surge Over ETFs Pauses Around the $30,000 Level

Aside from BlackRock, Invesco, WisdomTree and Bitwise have submitted similar plans for a spot Bitcoin ETF in recent days. ....

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