breakdown
Bitcoin's Fourth Halving:
Block rewards for Bitcoin miners reduced to 3.125 BTC, marking a significant event for the cryptocurrency.
Impact of ETF Developments:
US SEC Approval:
Nearly a dozen spot Bitcoin ETFs approved, leading to a surge in demand and BTC prices.
Key Players:
ETFs by BlackRock and Fidelity attracted billions, driving BTC prices to new highs before the halving.
BNY Mellon and Morgan Stanley:
BNY Mellon disclosed its exposure to BTC ETFs, while Morgan Stanley considers recommending them to clients.
Global Expansion:
Hong Kong plans to launch its own BTC and Ethereum ETFs, potentially influencing Asian markets.
Overall developments suggest growing institutional interest Bitcoin and cryptocurrencies.
