Bitcoin ETFs will allow the investors to gain exposure in the digital asset class without getting into the complications and risks of directly purchasing Bitcoin.
Crypto markets surged over 6% overnight reacting to US SEC Chairmans tweet about crypto investing, Vikram Subburaj, CEO, Giottus Crypto Platform said, attributing the development to the uptick in major cryptos.
"Bitcoin is trading at the $43,000 mark, having recently tested the $42,600 zone where bullish activity was evident. A breach beyond the $43,600 level could propel BTC towards $44,300 and support now lies at the $42,600 level," said Edul Patel, CEO of Mudrex.
Bitcoin prices rose by a whopping 165 percent in 2023, moving slowly towards its all-time high of $68,789 in Nov 2021. Other digital currencies, too, shone brightly.