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Grayscale CEO Michael Sonnenshein sees Bitcoin ETF approval as the culmination of decade-long efforts. Cathie Wood's ARK exits GBTC to invest in ProShares Bitcoin ETF, reflecting market optimism for Bitcoin. Sonnenshein cites pent-up demand for Bitcoin ETFs, driving significant inflows and price spikes. The crypto world braces for more growth in the year ahead.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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