(Bloomberg) -- Bitcoin surpassed gold on Thursday amid a record rally that's seen the cryptocurrency surge 32 percent this year as investors speculated on a more relaxed regulatory environment under President Donald Trump. The U.S. Securities and Exchange Commission is expected to rule on a proposal for an exchange-traded fund based on the digital currency by March 11.
To contact the reporter on this story: Sophie Caronello in New York at scaronello@bloomberg.net.
To contact the editors responsible for this story: John McCorry at jmccorry@bloomberg.net, Crayton Harrison
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