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International Business Times
International Business Times
Business
Nica Osorio

BTC Begins Week With 21-Month High, Eyes On Pending Bitcoin ETF Decision

Bitcoin ETF SEC Gary Gensler BlackRock Fidelity Grayscale Crypto

Bitcoin commenced the week on an impressive note, surging to a 21-month high while the nascent cryptocurrency industry awaited potential approval for the spot Bitcoin Exchange-Traded Fund (ETF) in the U.S.

On Monday, Bitcoin (BTC) witnessed an almost 7% surge, surpassing the $47,000 price point. This surge coincided with BlackRock, Fidelity, Grayscale, and other potential Bitcoin ETF issuers submitting their final S-1 forms to the U.S. Securities and Exchange Commission (SEC), hinting that these applications are in the final stages before potential approval.

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