Report: Prospects for Winklevoss Bitcoin ETF approval look good

The prospects for approval look good for the Winklevoss Bitcoin Trust ETF (BITCN), according to a lawyer representing the fund. "The SEC has generally been receptive" as it works through the latest version of the ETF's S-1 filing, he notes.

The ETF may bring a level of stability to Bitcoin's trading by offering investors the opportunity to buy an interest in the currency without buying the underlying itself. This could remove certain logistical and legal barriers that have dissuaded would-be investors thus far.

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