Posted 1/11/2024, 12:24:29 PM
Bitcoin Price Soars Past $47K as US Approves First Bitcoin ETFs
- Bitcoin price surged to over $47,000 after US approved first spot Bitcoin ETFs
- ETF approval enables institutional investors to gain Bitcoin exposure without holding it
- Bitcoin price fluctuated leading up to approval, plunging after fake SEC Twitter account tweet
- SEC Chair Gary Gensler voted to approve ETFs despite previously warning of crypto risks
- BlackRock's iShares Bitcoin Trust seeing strong pre-market demand, up 24.3% with over $2 million traded