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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