- The U.S. Securities and Exchange Commission’s (SEC) approval of the launch of 11 bitcoin exchange-traded funds (BTC ETFs) surged in bitcoin trading volumes.
- On the first day of the launch of trading in spot bitcoin ETF units, about 700,000 transactions were made, and the trading volume reached $4.33 billion. Half of this volume, or $2.1 billion, came from Grayscale’s bitcoin ETF, and another $1 billion came from a fund launched by BlackRock.
- Bitcoin price consolidation is a good starting point for further growth. The next target is $50,000 by the end of April 2024.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 January 2024 – The U.S. Securities and Exchange Commission (SEC) has approved the launch of 11 bitcoin exchange-traded funds (BTC ETFs) on 10 January 2024. The authorisation to create exchange-traded bitcoin ETF funds is a key regulatory move that will make it easier for ordinary investors to put their money into the digital currency and spur its continued growth. The commission had previously withheld approval for ten years.
