The United States Securities & Exchange Commission (SEC) is set to reach a hard deadline for spot Bitcoin exchange-traded funds (ETFs) on Wednesday. In anticipation, the Chicago Board Options Exchange (CBOE) has announced that Bitcoin spot ETFs will commence trading as a new issue on Thursday, January 11.
Meanwhile, Ethereum (ETH), a top performer among the crypto top 10, is on a bullish trajectory, promising more gains for Ether. This comes as the crypto community eagerly awaits the potential approval of spot Bitcoin ETFs, with many speculating that the hype could shift towards a similar spot ETF for Ethereum.
As the anticipation builds, nearly 90% of Bitcoin (BTC) supply is now in profit, with prices surpassing $46,000 on Tuesday. This is a significant increase from just under 50% at the start of last year, according to data from CryptoQuant. The surge in prices is largely attributed to the growing expectation of approval for a U.S. spot exchange-traded fund (ETF).
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| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Chicago Board Options Exchange, CryptoQuant, United States Securities & Exchange Commission, FXStreet |
| Currencies | united states dollar, Bitcoin, Ethereum |
| Securities | None |
