"Bitcoin's Rally Gains Momentum Amid Anticipation of ETF Approval and Market Highs"

Bitcoin's price surged back to $44,500, recovering from a recent flash crash, fueled by optimism that the U.S. Securities and Exchange Commission (SEC) may soon approve a spot BTC exchange-traded fund (ETF). Despite a survey indicating skepticism among financial advisors regarding a 2021 approval, 88% expressed interest in investing in BTC post-approval. The market anticipates that following a bitcoin ETF, attention may shift to Ethereum, with expectations of spot-based ether ETFs potentially being approved around May.