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.

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