Bitcoin’s value has seen a near 25% increase in the past month, spurred by bullish sentiment and anticipation of the U.S. Securities and Exchange Commission (SEC) potentially greenlighting bitcoin exchange-traded funds (ETFs). This surge in value, coupled with the increase in address count, further consolidates Bitcoin’s position as a prominent asset class.
The optimistic climate surrounding the potential approval of these funds has stimulated intensified trading activities among bitcoin whales. The possible approval of these ETFs could introduce more regulated investment channels, potentially boosting market participation even further.
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Source: Cryptocurrency - investing.com
