The crypto industry and traditional finance are currently partying together in anticipation of the SEC’s approval of the first spot Bitcoin ETFs.

After Cointelegraph posted on X to say that the BlackRock spot bitcoin ETF had been approved by the SEC, BTC price jumped by 7% before falling back to its original level. BlackRock’s CEO said this demonstrated the “pent-up interest in crypto.”

The deadline for the SEC to appeal against the court’s ruling on the Grayscale Bitcoin ETF application passed without event yesterday. Last week its appeal against the preliminary Ripple judgement was denied. Could the regulator finally be accepting defeat in its war on crypto?

Gary Gensler is under fire from Members of Congress, who have had enough of the SEC’s digital assets enforcement strategy.

The regulator had previously outright rejected Grayscale’s application to convert its Bitcoin Trust into a Bitcoin ETF. The court of appeals ruled that this decision was wrong, with the judge calling the SEC’s actions “arbitrary and capricious.”

Recently there has been a lot of buzz building around Bitcoin again. Here is an overview of the latest updates on the most classy cryptocurrency trading trends.

Optimism must be in the air, as investment firms WisdomTree and Invesco have both filed spot bitcoin ETF applications with the SEC, within a week of that by BlackRock.