#bitcoin☀️
The approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC) in January 2024 has been a significant catalyst for the current bull market. These ETFs allow investors to gain exposure to Bitcoin without directly holding the asset, making it easier for retail and institutional investors to participate in the market. This development has led to a surge in Bitcoin’s value, which started the year at approximately $44,000 and climbed to nearly $70,000 by late May 2024 .
