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regulators approved bitcoin ETFs, a landmark decision for the digital asset industry that could dramatically broaden the investor base for bitcoin.Bitcoin recently traded around $47,500, up from just below $46,000 before the news broke Wednesday afternoon.
Ethereum's ether [ETH], the second-largest crypto by market capitalization, jumped 11% and exceeded $2,500 for the first time in 20 months as attention turns to U.S.
Recommend products and earn commission bonus rewards ✌️【Career Counseling】✌️Start small with ₹500 and enjoy huge returns. AI-driven investment for fast growth!Applications for ether ETFs.New deadline to obsess over just droppedMay 23rd is the final deadline for decision on VanEck’s spot ETH ETFpic.twitter.com/dgi5EVbPeQMichael Silberberg, head of investor relations at crypto hedge fund Alt Tab Capital, said to expect "frothy price accumulation as capital will flow into the market from a new class of institutional buyers to crypto."Shares of the Grayscale Bitcoin Trust (GBTC), the largest closed-end bitcoin fund that now has permission to convert into an ETF, popped to $40, their highest price since December 2021,TradingView datashows.The stock price of Coinbase (COIN), the digital asset exchange whose custody serviceplays a key rolefor most bitcoin ETF issuers, was flat around $151.
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