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Bitcoin Spot ETFs Launch in Australia But Elsewhere Face Sudden Outflows

Just a day after bitcoin surged above $40,500 following financial giant Fidelity’s decision to allow consumers to invest in bitcoin in their 401(k) retirement savings accounts, the largest crypto -currency by market capitalization was trading at just over $38,000, its lowest rating since early March. . Ether, the second-largest crypto by market capitalization, was changing hands at around $2,820, down around 5.7%, after a day when it topped $3,000.

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