Bitcoin remains the digital currency of choice for investors on Wall Street, maintaining its position as the most preferred option. In a surprising turn of events, the Securities and Exchange Commission (SEC), under the leadership of Gary Gensler, approved the spot Ethereum ETF in May, despite earlier predictions suggesting otherwise. This development paves the way for potential S-1 registrations, which would offer the necessary support for Bitcoin. While Ethereum stands to benefit the most from this approval, Bitcoin’s price is expected to stay on course and continue its upward trend in the upcoming weeks.
