Bitcoin prices soared 15% in early December as investors eagerly awaited the SEC’s potential approval of the first spot Bitcoin ETF in January 2024. This news has ignited interest from both US and Asian markets, with all spot gains occurring during US trading hours since mid-October. With 13 applications in the running and additional leveraged and options-based ETFs being filed, the future of bitcoin trading seems promising. Structured products like the Accumulator + HYPP structure offer significant alpha generation potential, suggesting a bright future for the Bitcoin market. Will Bitcoin revisit its all-time high of $69,000? Only time will tell, but the current momentum is undeniably positive.
Source: https://coinpedia.org/crypto-live-news/bitcoin-booms-on-spot-etf-hopes/