Is bitcoin’s ETF-fueled rally to $35K premature? Well, maybe

Bitcoin’s price eclipsed $35,000 late Monday in a rally apparently spurred — at least in part — by optimism around the approval of bitcoin ETFs in the US that would hold the asset directly. 

While certain signals look bullish for such proposals, observers say that the US Securities and Exchange Commission is still mulling the merits of a swathe of applications — and could take its sweet time.

The bitcoin ETF proposed by asset management giant BlackRock — complete with ticker IBTC — was listed on the website of the Depository Trust and Clearing Corporation (DTCC) website, industry watchers pointed out Monday. 

DTCC is a market infrastructure giant that processes trillions…

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