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Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More— Week in Review

The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S. spot bitcoin ETFs saw a staggering $4.6 billion in trading volume, with Blackrock’s debut ETF alone accounting for $1 billion. Amidst these market shifts, renowned financial expert Robert Kiyosaki bolstered his bitcoin holdings.

Mass Approvals: SEC Green-Lights 11 Spot Bitcoin ETFs

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More — Week in Review

The U.S. Securities and Exchange Commission (SEC) has approved 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on U.S. stock exchanges. In a historic move after years of anticipation and regulatory hurdles, the approved spot bitcoin ETFs are expected to start trading Thursday on NYSE Arca, Nasdaq, and Cboe BZX Exchange.

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Ethereum Steals the Spotlight — SEC’s Approval of 11 Bitcoin ETFs Meets Tepid Market Reaction

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More — Week in Review

In the 24 hours following the historic announcement of spot bitcoin ETF approvals, the price of bitcoin witnessed stale action. In striking contrast, ethereum rallied, marking a 9.1% rise on Wednesday, overshadowing bitcoin’s underperformance.

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Mystery Transfer — Unidentified Wallet Sends $1.19 Million in Bitcoin to Satoshi Nakamoto’s Genesis Address

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More — Week in Review

Two days after Bitcoin’s 15th anniversary, an unidentified wallet transferred roughly 26.917 bitcoin, valued at $1.19 million, into Satoshi Nakamoto’s Genesis wallet. Originating on Jan. 3, 2009, this wallet has primarily accumulated nominal dust transactions.

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US Spot Bitcoin ETFs Rack up $4.6 Billion in Trading Volume on Day 1 — Blackrock Debuts With $1 Billion

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More — Week in Review

U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin ETF, which converted from the Grayscale Bitcoin Trust, registered a total trading volume of $2.3 billion. This is “easily the biggest Day One splash in ETF history,” said an ETF analyst.

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Robert Kiyosaki Increases BTC Holdings After SEC Approval of Spot Bitcoin ETFs

Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More — Week in Review

Rich Dad Poor Dad author Robert Kiyosaki has revealed that he bought additional bitcoin following the approval of spot bitcoin ETFs by the SEC.

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Do you think the spot bitcoin ETF approvals will lead to significant inflows? Share your thoughts and opinions about this subject in the comments section below.



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