News From Press Spot Bitcoin ETF: A paradigm shift in the world of cryptocurrencies? Here's what top industry experts make of the move

Spot Bitcoin ETF: A paradigm shift in the world of cryptocurrencies? Here's what top industry experts make of the move

Source: Mint Jan 12, 2024

After a long wait, US markets regulator Securities and Exchange Commission (SEC) finally gave a go-ahead to the spot bitcoin ETFs on Wednesday, a move that led to a massive jump in the bitcoin prices.

Bitcoin was trading around $46,954 at 4.45 pm, up 2.9 percent in the past 24 hours, shows CoinDeskdata. In the early hours of Wednesday, bitcoin price had topped $47,000 before paring some of the gains.

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