Bitcoin Funds Receive $306 Million Boost as SEC Ethereum ETF Deadline Approaches

Bitcoin funds have enjoyed a substantial infusion of capital, receiving a $306 million boost as the deadline for the U.S. Securities and Exchange Commission (SEC) to decide on an Ethereum ETF draws near. This influx is seen as a reaction from investors who are speculating on the potential market impact of the SEC’s decision. The anticipation surrounding the Ethereum ETF has not only heightened interest in Ethereum but has also positively affected Bitcoin as investors look to diversify their cryptocurrency holdings ahead of significant regulatory decisions. This trend underscores the interconnectedness of the crypto market, where major regulatory moves can trigger widespread portfolio adjustments among investors. Read more at Decrypt