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Bitcoin Breaks $111K: Why This Bull Run Is Just Getting Started
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Crypto Market Surges as Bitcoin Hits New All-Time High: Major Developments in the Past 24 Hours
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SEC Approves First Spot Ethereum ETFs in Landmark Decision** In a historic move, the U.S. Securities and Exchange Commission (SEC) greenlit **eight spot Ethereum ETFs**, including applications from BlackRock, Fidelity, and Grayscale. This follows weeks of speculation and last-minute adjustments to filings to address regulatory concerns. - **Key Details**: - Approval paves the way for institutional ETH exposure, similar to Bitcoin ETFs, which have amassed $60B+ in assets. - ETH surged **12%** post-announcement, hitting $3,850 before stabilizing near $3,750. - Trading is expected to begin by late June, pending final S-1 approvals. *Why It Matters*: Ethereum joins Bitcoin in the ETF arena, potentially reshaping institutional crypto adoption and boosting ETH’s legitimacy as a “commodity” in regulatory debates. #ETH
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