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One-time Bitcoin ETF approval could come in January 2024

The price of Bitcoin has surged in 2023 as investors await approval of the first Bitcoin spot exchange-traded fund in the United States, which would be a milestone for cryptocurrency investors, experts say.

In early December, the digital currency surpassed $44,000 for the first time since April 2022, and year-to-date gains were more than 160%, as of December 21, mainly fueled by optimism over a bitcoin ETF in cash.

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