Fidelity’s previous attempt to introduce a spot Bitcoin ETF in the US was rejected in 2021, but the company successfully launched the Fidelity Advantage Bitcoin ETF in Toronto, Canada. The global crypto market capitalization has increased by 0.28% over the last day. The S&P 500 and Nasdaq Composite saw substantial gains, driven by a resurgence in the technology sector. An analyst believes that if a bitcoin ETF is approved by the SEC, the price could reach $40,000. The analyst also mentions that the cryptocurrency markets are still relatively small. The article does not provide investment advice.
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