Crypto stocks mixed in morning trading; Ebang International Holdings Inc. tumbled over 7% while The9 rose over 4%.
Bitcoin retreated from the more than one-year highs that were fueled by expectations of fresh demand from exchange-traded funds.
The possible approval in the coming weeks of the first US spot Bitcoin ETFs is stoking speculative ardor for the token. Asset managers BlackRock Inc. and Fidelity Investments are among those in the race to offer such products. Digital-asset bulls argue the ETFs would widen adoption of the cryptocurrency.
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