Posted 1/10/2024, 9:33:00 PM
Bitcoin and Ethereum Surge After SEC Approves Bitcoin Spot ETFs
- Bitcoin tops $47K and ether jumps 11% to 20-month high after SEC approves spot bitcoin ETFs
- Grayscale's GBTC shares pop to highest since Dec 2021 on prospects of converting to an ETF
- Analysts expect "frothy price accumulation" as new institutional buyers enter crypto market
- Attention turns to demand these new investment vehicles will attract when trading starts
- Altcoins like ether could benefit as bitcoin supply gets locked up in ETFs