Bitcoin blasted into 2024 on a high note, touching a 21-month peak following the groundbreaking approval of spot exchange-traded funds (ETFs) for Bitcoin, according to Luno’s South Africa country manager, Christo de Wit.
This comes after the US Securities and Exchange Commission (SEC) approved the Bitcoin ETFs, causing the world’s most popular cryptocurrency to hit the highest it has ever been since April 2022. The approval could lead to a rise in global adoption of Bitcoin. The spot exchange was granted after more than a decade of rejections.
A spot Bitcoin ETF is described as an
