ETF Approval Expectation Raises Bitcoin Value

Cryptocurrencies have become an important investment tool in our country in recent years. Unable to gain full confidence due to the high risk rate cryptocurrencies, continues to develop and gain acceptance, especially under the leadership of Bitcoin. Although some countries like China ban it completely, some countries official currency confident enough to do it.

Bitcoin also tends to some financial features to gain acceptance and flourish around the world. One of these trends Bitcoin ETFallows people who want to invest to invest in funds with the same value as Bitcoin and minimize the risk. So far, several countries have approved Bitcoin ETFs, but the US has yet to approve any Bitcoin ETFs. Warm statements made by the USA on cryptocurrencies, followed by SEC The President’s statement that they do not intend to ban cryptocurrencies created a positive atmosphere in the crypto money market.

Reached the level of 60 thousand with expectations

Bitcoin ETFs are thought to increase institutional interest in crypto money markets and have been on the agenda of the crypto money industry for a while. Even if the Bitcoin ETF approval was obtained from some countries, the feature Expected to be issued by the US SEC Approval is of great importance to the markets. So much so that even the expectations of this increased the value of Bitcoin a lot.

In the last 24 hours to 60 thousand levels Bitcoin, which has been up to date, has been recorded since April. to the highest level reached. Analysts say that the news that the SEC will allow the Bitcoin ETF was effective in reaching these levels. Bloomberg said in its report that this approval could be given next week.