Bitcoin Surges 150% This Year, Hits $42,000 As Spot ETF Excitement Builds

Bitcoin has experienced a 150% surge in value throughout the year, reaching over $42,000 early Monday morning. This explosive growth comes amidst mounting anticipation surrounding the potential launch of a Bitcoin spot exchange-traded fund (ETF) in the United States.

The main contributing factor to Bitcoin’s recent surge, in addition to the halving event approaching amongst other bullish developments, appears to be the mounting speculation surrounding the approval of a Bitcoin spot ETF by regulatory authorities in the United States. Such an ETF, if approved, would allow traditional investors to gain exposure to spot Bitcoin, potentially boosting the price of the asset.

“Money will flood…

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