Bitcoin Surges 25% on Hopes of US ETF Approval Attracting Mainstream Investors
-
Bitcoin has risen 25% in the last month, with most gains during US trading hours, showing US institutions embracing possible Bitcoin ETF approval.
-
ETFs allow investors to gain exposure to crypto without directly buying digital assets.
-
Analysts expect Bitcoin ETF approval to attract lots of mainstream money.
-
There are about 420-440 million crypto owners globally, with 260 million in Asia and 54 million in North America.
-
Asia has the most owners but US traders and institutions have greater buying power.
![](https://www.coindesk.com/resizer/a-aFUdeITTpizddmh3VSdVOi2Ok=/1200x600/center/top/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MEWOW62HMRALZCD5A5FJRLHGIQ.jpg)