As the battle between the industry and regulators over Bitcoin ETFs nears its end, crypto trading has gotten a bump. According to Bloomberg figures, Coinbase Global gained 9.7% on Tuesday as a direct consequence of pending approval of the ETF. The catalyst for Tuesday trading surge was exchange operator Cboe submitting amendments to an application to the Securities and Exchange Commission (SEC) for five Bitcoin ETFs. The news seemed a partial fulfillment of the prediction of former Securities and Exchage Commission (SEC) Chair Jay Clayton. In a Monday interview, Clayton said that crypto had grown mainstream with amazing speed.
Spot Bitcoin exchange-traded funds (ETFs) in the United States are nearly crossing the $1 trillion mark in total trading volume. This achievement comes just 17 months after their launch in January 2024. These crypto funds have quickly grown into one of the most active ETF products in the world. Reportedly,…