CME: Investors prepare for approval of physically-backed Bitcoin ETF, with diverse participants such as institutions entering the market.

According to BlockBeats news on October 25th, as reported by Blockworks, Gio Viciioso, the head of CME's cryptocurrency business, stated that the company was "already prepared" for Bitcoin's rebound this Tuesday. He pointed out that the market has high expectations for the approval of spot Bitcoin ETFs, and not just retail investors, but a diverse range of participants, including macro hedge funds and banks, are also entering this field. People have developed a "new interest" and "appetite" for cryptocurrencies, particularly Bitcoin. Although it is still too early to say that the spring of cryptocurrencies has arrived, the market momentum shows that investors are preparing for the possible approval of Bitcoin ETFs.