In a significant development for the crypto industry, Bitcoin is currently trading above the $66,000 mark, marking a nearly 3% increase over the past 24 hours. This surge follows the announcement by multiple issuers in Hong Kong that the Securities and Futures Commission has approved spot Bitcoin and Ethereum ETF applications.

This approval represents a significant step forward for the mainstream acceptance of cryptocurrencies and could potentially pave the way for further institutional investment in the sector. The impact of this development on the market is already evident in the rising value of Bitcoin.

It remains to be seen how this will influence the broader crypto market, including public chains, algorithmic stablecoins, NFTs, and GameFi. However, this development is undoubtedly a positive sign for the continued growth and acceptance of cryptocurrencies.