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The original was posted on /r/cryptocurrency by /u/heybeluga on 2024-01-12 16:46:24+00:00.
In truly historic fashion, not only did the spot Bitcoin ETF finally get approved and go live for trading on Thursday, but it did over $1B in trade volume in the first 5 minutes. While the BTC price didn’t pump quite as much as we thought it might having topped out at $49,000, it is extremely encouraging to see so much interest from the traditional side of the market. It is now as easy to buy Bitcoin as it is to buy any stock, a huge win for the crypto industry. Many believe this marks the start of a massive bull run, especially with the Bitcoin halving approaching in April.
IMO, the BTC ETF is a massive win for the entire market. This week Ethereum has its highest price since May of 2022.
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