Bitcoin (BTC) prices have recovered and other top cryptocurrencies have gained ground over the past month as the U.S. Securities and Exchange Commission has surprised Wall Street by making a rule change to allow the creation of spot Ethereum (ETH) exchange-traded funds.
Investors already flocked to bitcoin and other cryptos following Januaryâs SEC approval of the first spot bitcoin ETFs to trade on major U.S. exchanges. However, regulators continue to target the cryptocurrency industry by taking on crypto exchanges and their high-profile executives, including associates of former FTX CEO Sam Bankman-Fried.
