🚀 Weekly Recap: Crypto Markets Surge To New 2023 Highs

Happy weekend Defiers!

Many digital assets are trading at year-to-date highs amid increasing expectations the U.S. Securities and Exchange Commission will soon approve the first spot Bitcoin ETF in the United States. Bitcoin is currently trading hands for more than $40,000 while Ethereum pushed above $2,200, with both assets at their highest level since mid-2022.

On Nov. 28, the SEC instituted proceedings to receive public feedback on the Bitcoin ETF filings from Franklin Templeton and Hashdex. The also confirmed it met with eight prospective ETF issuers this past week, including its second round of discussions with Grayscale.