Bitcoin surged to $30,000 on Friday. In early trading, the token price was up by 4.5%. On Tuesday, it spiked 10%, due to a false report stating that the SEC had approved BlackRock’s spot Bitcoin ETF. There is an increasing buzz around a fund which tracks bitcoins on the spot, with the SEC being asked to approve it.
Billionaire Mike Novogratz, CEO of Galaxy Digital, has expressed optimism about the ETF being approved this year. He cited a rush of requests for the product during the last 12 months.
In a letter to Gary Gensler, House Financial Services Committee Members asked the SEC not to block the approval of a fund that tracks bitcoins on a spot basis.
Google Trends shows growing search interest in “spot bitcoin ETF”. CoinDesk noted that the token is set to reach a five-year peak, indicating that mainstream audiences are becoming increasingly interested in the cryptocurrency.
