Approval of US Bitcoin ETFs Boosts Crypto Market

Stay Updated: Monday - Friday, 3 PM ET A recent surge in the cryptocurrency market saw Bitcoin climbing to over $47,000 following the Securities and Exchange Commission's (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. Additionally, the price of Ether also experienced a significant surge, reaching a high not seen since the spring of 2022. The approval of the ETFs marks a significant milestone for the crypto industry, with notable impact on mining stocks as well. Furthermore, the SEC is set to make decisions regarding Ethereum ETF applications in the coming months, a development that is closely being watched by market participants.