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Michael Silver: Approval of Ethereum ETF is good news for Bitcoin Michael Silver, the founder of MicroStrategy, believes that the recent approval of Ethereum exchange-traded funds (ETFs) by the US regulator is also good news for Bitcoin.This,he says,will help institutional acceptance of investing in digital currencies.
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When a reputable regulatory body like the SEC approves an Ethereum ETF, it can be seen as a positive sign for the entire cryptocurrency market. These approvals show that the digital currency market is reaching a level of legal and regulatory acceptance that can attract more trust.
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