Bitcoin’s price experienced a positive surge, going from $64,700 to $66,482, before quickly experiencing a decline. This increase was influenced by the launch of the Bitcoin Exchange-Traded Fund (ETF) on the Australian exchange and the Securities and Exchange Commission’s (SEC) swift resolution of the Ethereum dispute. The VanEck ETF, which was granted approval for trading on the Australian Securities Exchange (ASX), managed to generate $1.3 million in volume on its inaugural day. In contrast, the ETFs in the United States reached an impressive volume of $4.5 billion on their respective first days. Although the Australian ETF’s volume may pale in comparison, any increase in demand is always a positive sign. Stay updated with the latest technology news by accessing NEWSLINKER.
