Approves

Last updated: April 15, 2024 03:39 EDT | 1 min read Hong Kong Securities and Futures Commission (SFC) has just approved first spot Bitcoin and Ethereum exchange-traded funds (ETFs). Several official announcements have confirmed the approvals, including those submitted by China Asset Management Co. (China AMC), Harvest Global Investments, and Bosera International and HashKey Capital. […]

TL;DR Bitcoin exceeded $35,000, attributed to the anticipated approval of BlackRock’s spot Bitcoin ETF in the US. Experts, including Lark Davis and Matrixport, predict that ETF approval could send Bitcoin’s price between $42K-$100K. Anthony Scaramucci believes SEC approval might increase Bitcoin’s valuation from $600 billion to $6 trillion. The price of Bitcoin (BTC) has been