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The United States Securities and Exchange Commission (SEC) has reportedly given "preliminary approval" to at least three asset managers for their spot Ether (ETH) exchange-traded funds (ETFs), potentially paving the way for these investment vehicles to begin trading as early as next Tuesday.

In a significant boost to the cryptocurrency market, Bitcoin (BTC) and Ether (ETH) have led a wave of institutional investment, attracting a combined $17.8 billion in inflows during the past week.

The Australian Securities Exchange (ASX) is set to list its second spot Bitcoin exchange-traded fund (ETF), marking a significant step for cryptocurrency adoption in the country.

The world of Web3 assets is booming, and Bitget Wallet is taking a bold step forward. They've announced a strategic investment in Tomarket, a decentralized trading platform aiming to revolutionize the way we trade these emerging asset classes.

Matt Hougan, CIO of Bitwise Asset Management, has made a bold prediction: Ethereum could see an influx of $15 billion within the first 18 months of launching spot ETFs (Exchange Traded Funds). This optimism comes despite some skepticism surrounding these ETFs.

In a significant turn of events for the cryptocurrency market, Bitcoin (BTC) has experienced a surge in investment through exchange-traded funds (ETFs), reaching a one-month high as the price of the leading cryptocurrency hovers near the $63,000 mark.