Bitcoin Price Reaches 18-Month High of $38,200 While Bitcoin ETF Token Surges Past $1.57m as FOMO Picks Up
Friday, November 24, 2023 – The Bitcoin price smashed through $38,000 door after BlackRock met with the US Securities and Exchange Commission (SEC) to talk about its ETF application as the odds on approval rise and new cryptocurrency the Bitcoin ETF Token raises north of $1.5 million.
The Bitcoin ETF Token is the ideal investment vehicle for playing the exchange-traded fund (ETF) theme that is gripping the crypto market. Investors have poured $1,577,000 million into the ICO, currently priced at $0.0058. $BTCETF is at stage 5 of its 10-stage presale.
There are only three days to go before the price rises to $0.0060, although this stage could sell out sooner as there is only $500,000 to raise before stage 6 begins.
Although false starts on erroneous reports that a BlackRock spot Bitcoin ETF had been approved and that the same asset manager was planning to issue a spot XRP ETF, were unwelcome reminders of the relative immaturity of the crypto market, it reminded everyone that the bulls are raring to go.
A meeting between BlackRock and the SEC earlier this week has also got the juices flowing, as Bitcoin trades as high as $38,250 today at an 18-month high. Then there was SEC Commissioner Hester Peirce who chimed in this week with more positive news flow, commenting, “…there is no reason for us to stand in the way of a spot bitcoin ETF.”
Add to that the $4.3 billion settlement of the criminal charges brought against Binance by the Department of Justice (DOJ) and erstwhile CEO CZ, and it feels to many like the digital asset sector is on the cusp of a new golden era, where regulators rule the roost and retail and institutional investors can trade easily and safely.
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