Bitcoin ETF

Bitcoin

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<ul> 
 <li style="font-weight: 400"><a href="https://coinstats.app/coins/bitcoin/">Bitcoin</a> has soared past the $72k benchmark and is moving closer to a new all-time high of $73k.&nbsp;</li> 
</ul> 
The largest cryptocurrency is up nearly 50% this month and has set new weekly peaks. 
Several factors are driving BTC’s bullish rally.&nbsp; 
Earlier today, Thailand’s SEC gave asset management firms the green light to launch spot Bitcoin ETFs.&nbsp; 
<figure id="attachment_68008" aria-describedby="caption-attachment-68008" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-68008" src="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-36-483x300.png" alt="" width="560" height="348" srcset="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-36-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-36.png 760w" sizes="(max-width: 560px) 100vw, 560px">
 <figcaption id="caption-attachment-68008" class="wp-caption-text">
 BTC Price Chart | Source: Coinstats
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</figure> 
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At the same time, the London Stock Exchange announced that it will start accepting applications for Bitcoin exchange-traded notes (ETN) in the upcoming quarter.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-developers-unite-to-draft-guidelines-for-brc-20-tokens/" aria-label="“Bitcoin Developers Unite To Draft Guidelines for BRC-20 Tokens” (Edit)">Bitcoin Developers Unite To Draft Guidelines for BRC-20 Tokens</a> 
The largest Bitcoin ETF issuer, Blackrock, also reached a milestone today. The IBIT ETF achieved 200,000 Bitcoin under management within two months of launch.&nbsp; 
These developers continue to rally BTC’s prices, as bulls are increasingly optimistic of $100,000.&nbsp; 
Despite the latest all-time high, BTC’s daily trading volume has declined by 5%, which shows that traders are still holding on to their assets. 
Trends such as these will prove pivotal as the largest cryptocurrency heads towards its fourth halving next month.&nbsp; 
If the current demand ratio persists, the immediate supply shock of BTC after the halving could have a notable impact on its prices.&nbsp; 
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Bitcoin Close To New All-time High Of $73k

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