Bitcoin hits 13-month high

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July 6, 2023 5:23 AM EDT

FILE PHOTO: A representation of cryptocurrency Bitcoin is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500.

The world's largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock - the world's largest asset manager - to launch a U.S.-listed spot bitcoin exchange-traded fund(ETF).

Nasdaq refiled its application to list BlackRocks's ETF according to a filing made public on Monday after the U.S. securities regulator had reportedly raised concerns over initial filings.

(Reporting by Samuel Indyk, editing by Alun John)


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