Can Bitcoin Reclaim $80K Before the SEC Rewrites the Rules for Crypto Funds?

Three Things to Know Grayscale opened in-kind contributions on ten crypto funds while the SEC weighs tighter rules for novel products. Bitcoin trades under its 50-day average, and momentum still favors sellers. A thin cushion above the 200-day line may decide whether this stays a routine pullback. Grayscale Investments now lets large holders swap coins for shares in ten of its crypto funds. The move lands as the SEC openly asks whether its rules still fit products that reach well beyond bitcoin. Bitcoin funds sit in the most established corner of that market. The coin itself looks tired after weeks of slow selling. Traders want to know if buyers can retake the short-term trend before regulatory caution weighs on sentiment.

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