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How Cryptocurrency Works - NYTNew York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started. (Cheyenne Ligon/CoinDesk). By Daniel Kuhn. But approval of a Bitcoin E.T.F. is not guaranteed, and some analysts have cast doubt on whether it would draw much new investment to the crypto. The New York Times has identified 34 such large-scale operations, known as Bitcoin mines, in the United States, all putting immense pressure on.
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