Bitcoin ETF race heats up as crypto spot trading volumes rise

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By Darren Parkin Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) dropped slightly from around $30,500 to roughly $30,200 over the past week. Throughout the week BTC tested the $31,000 mark twice but failed to remain above it. Ethereum’s Ether, the second-largest digital currency by market capitalisation, dropped steadily throughout the week, starting it off at around $1,950 and ending at $1,860. Headlines in the cryptocurrency space this week focused on the Chicago Board Options Exchange (Cboe) updating its regulatory filings for proposed spot Bitcoin …

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