US Regulatory Boost and Treasury Buyback Move Push Bitcoin Past $79,000
A regulatory boost from Washington and a Treasury buyback move helped push bitcoin past $79,000, according to reports from CoinTurk News and Decrypt.
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A fund that holds bitcoin directly and trades on a stock exchange, so an investor gets exposure through a normal brokerage account instead of holding coins themselves. Because the fund must buy or sell bitcoin as shares are created or redeemed, its daily flows are a readable proxy for institutional demand.
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