Bitcoin rises as its volatile year continues ahead of an expected ETF approval

Yuichiro Chino | Moment | Getty Images

Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin exchange-traded fund approval that many expect as soon as next week.

The flagship cryptocurrency was last higher by about 3% at $43,870.01, according to Coin Metrics. On Wednesday it fell as much as 6% as short-term traders speculated that a bitcoin ETF would not be approved by the U.S. Securities and Exchange Commission and liquidated overleveraged positions.

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