Bitcoin treads water above US$30,000; SEC approves first leveraged Bitcoin futures ETF

News Snapshot:

Bitcoin dipped but held above the US$30,000 threshold on Monday morning in Asia, with nearly all other top 10 non-stablecoin cryptocurrencies rising. The gains follow a number of traditional financial institutions showing interest in launching crypto-related exchange-traded funds (ETFs), and the U.S. securities regulator approved the first leveraged Bitcoin futures ETFs in the country on Friday. In the NFT market, a whale has been selling off Bored Ape Yacht Clubs. Bitcoin little changed Bitcoin edged down 0.35% to US$30,444 over the last 24 hours to 7:30 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency by...