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

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…