Bitcoin ETFs Rise In Pre Market Despite Jerome Powell Says Fed Cannot Hold BTC: What’s Going On?
Posted On December 19, 2024
Bitcoin ETFs have shown an increase in premarket, even as Federal Reserve Chair Jerome Powell made it clear that the central bank has no plans to accumulate Bitcoin (CRYPTO: BTC).
What Happened: As per Benzinga Pro on Thursday, the Bitwise Bitcoin ETF (NYSE:BITB) saw a rise of 1.08%, ARK 21Shares Bitcoin ETF (BATS:ARKB) increased by 1.41%, Grayscale Bitcoin Trust (BTC) (NYSE:GBTC) climbed 1.32%, Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) advanced 1.04%, and iShares Bitcoin Trust ETF (NASDAQ:IBIT) gained 1.26%.
Powell, speaking after the Fed’s latest policy meeting, emphasized that the central bank is not allowed to own Bitcoin. He noted that any legal considerations …
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