The price of Bitcoin rose to over $50,000 following the recent approval of the BTC SPOT ETF. Also, money from the institutional side continues to flow in continuously. Will the price continue or not??
* Bitcoin takes off!! After BTC SPOT ETF approval, total over $10 billion AUM
After the Bitcoin SPOT ETF was previously approved. And it took just 20 business days for the SPOT BTC ETF to reach over $10 billion in Assets Under Management or AUM.
In first place with the highest AUM is BlackRock’s iShares Bitcoin Trust with about $4 billion, while Fidelity’s Wise Origin Bitcoin Fund comes in second with about $3.4 billion in Bitcoin.
And since last week the Bitcoin price It has continued to move up until the price has already reached $50,000. This means that the Bitcoin market value is already in the top 10 World Assets with the highest market cap in the world.
Crypto investors At this time, my heart was beating a little fast. But be careful because Bitcoin is still a very high risk asset. Manage your investment portfolio well.
*Analysts say we can wait and see. In three months, Ethereum Spot ETF has more than half a chance of approval.
Not long to wait after BTC SPOT ETF is approved With so much money pouring into the crypto world, many are keeping an eye on when the Ethereum SPOT ETF will finally arrive.
and from the discussion and opinion of 3 giant funds There is also the same opinion that Ethereum SPOT ETF will definitely be approved. expected in May
Matt Hougan, global head of research at Bitwise Asset Management, Steve Kurz, executive at Galaxy Asset Management, and Dave LaValle, global head of ETFs at Grayscale, both think there is a 50/50 chance that the ETH ETF will be approved. By May But right now what we are keeping an eye on is the SPOT BTC ETF which is now getting interesting.
When I saw the Bitcoin price skyrocketing. This is a result of the approval of the BTC SPOT ETF If the Ethereum SPOT ETF is approved, will the price of ETH surge with them?
*Solana continues to launch mobile phones into the market. Sweep over 1,500 million baht in reservations
After Solana previously sold crypto mobile phones. Only 20,000 units were available, but now Solana has released 2 mobile phones, “Chapter2”, to the market. In addition, the response was very good, with more than 100,000 orders during the pre-order period. It is planned to be delivered to those who pre-order it in early 2025.
The “Chapter 2” mobile phone has features designed for buying, selling, holding, and especially using currency on the Solona Chain.
This good news about sales will be beneficial to reduce production costs. Solona also said that it will not charge 20-30% to application developers. who created apps on his Chain like other platforms too
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