Dear Readers,

Having after the much awaited BTC Spot ETF's approval by SEC, there was much cheers, relief and confidence by the the global crypto investors. 

Even the present SEC Chairperson Gary Gensler many times expressed his sceptic view on the crypto assets in the past many times, it is the necessity that this approve had to be done. As pointed out by his predecessor Jay Clayton in a CNBC Show that there has been various development in the past years on the crypto space and he hoped that SEC would give positive nod to the BTC ETFs. 

Even before the hours of formal approval, there was a hack happened with SECs social media handle and posted the message of BTC ETC approval and lot of liquidation happened after the clarification by Gary Gensler that this was a wrong message.  We could witness a dump in the crypto markets after this.

Amid all this, the first lined up 21 ARK Share's final round of BTC ETF got approved by SEC. The same will also be expected in all the lined up BTC ETF applications before SEC. The much awaited and the largest AMC Blackrock's application is one among them. 

This move paved a way for wider adoption of cryptos with the global investor circle including the institutional investors. 

Like the way we invest in mutual funds, we can also do it ETFs. 

Though the Crypto assets largely is not fully regulated by the market regulators, the ETFs come under the direct purview of the market regulators.  

With this we can anticipate, much inflow of money would be coming to the crypto market from various sectors across the globe. 

In anticipation of the BTC ETF approval, the crypto markets widely rallied for couple of weeks especially at the start of this new year. 

But to our surprise, the much awaited BTC pump has had not happened so far even after the formal approval message of BTC ETF from SEC. 

May be true from the theory that all the concerned AMCs have had purchased a lot of BTC earlier which contributed the rally earlier. Only the small investors would be participating now. Let's watch this so closer.

Alternatively, the ALT coins have started pumping.

At the time of writing this article BTC is trading at $ 46380- 0.39 % up from yesterday. 

Alternatively, let's watch the top 10 coins

ETH trades at 9% up at $ 2581.

BNB trades at 0.97% up with $ 304.77.

The much run Solana trades at $ 99.62 with 0.06% down. 

XRP trades higher by 4.96% with $ 0.5993.

Cardano trades higher by 12.62% with $ 0.5774.

AVAX trades higher by 11.34% with $ 38.49.

DOGE coin trades with $0.08347 a higher of 4.55%.

Anyhow, the decision of approval of BTC ETF approval is a historic milestone.

We can expect all the other BTC ETFs would be approved in the coming days and many more Crypto ETFs would also be submitted before SEC for approval.