Following the approval of 11 BTC Spot ETFs, there is an anticipated shift in global perspectives on cryptocurrencies, especially Bitcoin, the market leader of cryptos.
Day by day, BTC ETFs are gaining momentum from investors worldwide.
We have witnessed the Bitcoin ETF progress to the second-place spot in ETF market capitalization, surpassing the silver ETF.
Google, the internet giant, has also announced that from January 29, 2024, Crypto coin Trusts may advertise their products in the US. This is a significant positive development post-BTC ETF approval.
The crypto market received a boost from this announcement, and we are pleased to note that various encouraging steps are being taken to develop the crypto ecosystem worldwide.
With the support of Google, we can expect increased awareness of cryptos and less risky crypto investments through ETFs to reach a wider audience.
Despite significant drops in BTC prices, the trading volume has consistently increased, and there was a quick recovery in BTC prices. While $38,000 USD serves as a major support for BTC currently, a move past $43,500 USD would propel BTC to a higher price.
Following the BTC halving, there is widespread anticipation of a price pump in BTC.
Let’s hope that the outlook on crypto changes in many countries, making cryptos a fantastic investment instrument for a broader range of people, including institutional investors.