$The US Securities and Exchange Commission's (SEC) approval of Bitcoin spot exchange-traded funds (ETFs) has given great momentum to the cryptocurrency market. This development had a positive impact on Bitcoin and other major cryptocurrencies, as well as meme coins.

Pepe Coin ($PEPE ) experienced a significant increase in value after this approval. The price of PEPE increased by approximately 16% in the last 24 hours, reaching $0.000001389, and its market capitalization rose to $584.6 million. This increase is linked to the increased confidence of investors in cryptocurrencies in general and the rise in interest in meme coins in particular.

The approval of Bitcoin ETFs has increased the credibility of not only Bitcoin but the entire cryptocurrency market. This increase in confidence has also increased investors' interest in riskier assets such as meme coins. Other meme coins such as PEPE, Shiba Inu (SHIB) and BONK also benefited from these positive market conditions and recorded significant increases in value.

As a result, the approval of Bitcoin ETFs has been a major push for PEPE and similar meme coins. The increasing confidence of investors and the general rise of the market have led to greater interest in such assets.