The Bitcoin industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Bitcoin’s price is up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. On Tuesday, the website of the Depository Trust and Clearing Corporation suddenly showed the listing of a spot Bitcoin ETF under the ticker iBTC. The market obviously took that as a sure sign that the chances of approval by the United States Securities and Exchange Commission are high.
Source: George Georgiev, 2023-10-28; https://cryptopotato.com/bitcoin-btc-price-soars-to-35k-as-spot-bitcoin-etf-approval-hype-builds-this-weeks-crypto-recap/