SEC Gives Green Light to Bitcoin ETF and Considers Approving Ethereum ETF

In 2023, speculation abounded regarding the approval date of the Bitcoin ETF. Ultimately, on January 10, 2024, it was officially approved. This triggered an initial market decline followed by a remarkable upsur. Bitcoin soared to its all-time high (ATH), while Ethereum surpassed the $4,000 mark for the first time in a considerable stretch. Attention then shifted to the potential approval of the spot Ethereum ETF. In a momentous turn of events, the SEC granted its initial approval on May 23, prompting discussions about the approval date for the S-1 documents.