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Less than a month after the debut of spot Bitcoin exchange-traded funds, the asset managers offering the investment vehicles appear to be seeking ways to bolster their own profitability. The SEC this month approved 11 new ETFs that track the price of bitcoin, and the decision has been heralded by promoters of bitcoin � and of the new funds � as an important event, legitimizing bitcoin as an asset class. Squawk on the Street. By Shaurya Malwa.