Singapore-based crypto trading firm QCP Capital said in an official Telegram post, "This week has seen $70,000 come into view as Bitcoin gained 10.48% on the week to trade at $69,000. BTC spot ETFs have seen solid inflows all week, and these continued inflows suggest that institutional demand remains robust. Overnight, the SEC has approved a BTC options product to be listed on NYSE which should provide ongoing liquidity for the ETF." The approval of a BTC options product by the SEC is yet another sign of the growing institutional interest in cryptocurrency. This move, alongside the recent surge in BTC spot ETF inflows, suggests that institutional demand for cryptocurrencies is only going to continue to grow in the future.