Bitcoin Boom on Spot ETF Hopes!

author: Mustafa Mullah

Mustafa has been writing about blockchain and cryptocurrencies for several years. He has previous trading experience and has been working in the fintech industry since 2017.

December 6, 2023 23:04

Bitcoin prices surged 15% in early December as investors eagerly awaited SEC approval for the first spot Bitcoin ETF in January 2024. The news sparked interest in both US and Asian markets, with all spot gains occurring during US trading hours since mid-December 2024. October. With 13 applications in progress and additional leveraged and options-based ETFs being submitted, the future of Bitcoin trading looks promising. Structured products such as the Accumulator + HYPP structure offer significant alpha generation potential, suggesting a bright future for the Bitcoin market. Can Bitcoin reach its all-time high of $69,000 again? Only time will tell, but the current momentum is undeniably positive.