WisdomTree's Physical Bitcoin and Ethereum ETPs have been approved by the UK's Financial Conduct Authority (FCA) for listing on the London Stock Exchange, targeting institutional investors.

In the US, VanEck and Ark Invest are awaiting SEC approval for ether-backed ETFs, which has generated market optimism.

FCA's approval is limited to institutional-grade investors, excluding retail consumers due to concerns about crypto derivatives risks.

Ethereum surged by 25% to a 10-week high of $3,841, with analysts predicting a further increase to $6,600 following approval of a Spot ETF.

BlackRock's IBIT bitcoin spot ETF saw a significant inflow of $290 million, with total holdings exceeding $19 billion, and bitcoin trading above $70,000 for the first time in a month.

Grayscale's GBTC ETF experienced a five-day streak of inflows, reversing previous outflows.

ETFs saw nearly $300 million in net inflows coinciding with hopes of an ether spot ETF approval in the US and positive cryptocurrency outlooks from Donald Trump's presidential campaign.

The approval of spot Ethereum ETFs in the US has led to a significant 21% increase in the ETH price, reaching the highest levels since August 2021.

Standard Chartered analysts predict Bitcoin to reach new all-time highs above $73,700 by March 14, 2024, driven by inflows into Spot Bitcoin ETFs.

Recent surge in ETF inflows, particularly into BlackRock's Bitcoin Trust ETF, has fueled optimism for Bitcoin's price potential.

Approval of Ethereum Spot ETFs by the SEC could further boost Bitcoin's price dynamics.

Current price of Bitcoin is $70,013, with a slight decline in the last 24 hours but overall showing strong bullish momentum.

Analysts anticipate further price increases for Bitcoin, with potential to reach $150,000 by the end of 2022.