On yet another powerful week for crypto markets, the Nasdaq Crypto Index ended the week up 18.6%, with bitcoin (BTC) up 21.4% and trading above $60,000 (within all-time high ranges), while ether (ETH) was up by 12.5%. It seems as though investors are starting to take note of the upcoming Bitcoin halving, which will occur in the coming months. February marks the sixth positive month for crypto, with the Nasdaq Crypto Index up by 43%, driven by bitcoin’s 42% appreciation and ether’s 46% performance.

 

Morgan Stanley, Merrill Lynch, Wells Fargo evaluating spot bitcoin ETFs 

Morgan Stanley is exploring giving its clients access to spot bitcoin ETFs, following the SEC's January approval. Wells Fargo and Merrill, a division of Bank of America, are introducing spot bitcoin ETFs to their clientele, reflecting a growing recognition of blockchain-based assets. Additionally, Carson Group, a prominent $30 billion investment advisory platform, will introduce spot bitcoin ETFs clients.

Bitcoin ETF trading volume sets daily record

On Monday, the recently approved spot bitcoin ETFs marked a milestone by amassing a collective daily trading volume of $2.4 billion. Consequently, this robust trading activity has propelled bitcoin to within a 20% proximity of its historical peak. 

 

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