Three digital asset experts view the SEC's (Securities and Exchange Commission) opening of crypto ETFs as a significant step in connecting digital assets to the Thai capital market and expanding investment options.

The U.S. Securities and Exchange Commission (SEC) has proposed a new regulatory framework that would make it easier for funds and investment advisors to hold cryptocurrencies on behalf of clients, and would also open up self-custody options under certain conditions.

Citi has raised its 12-month targets for Bitcoin and Ether to $113,000 and $3,028 respectively, following a strong recovery in the crypto market, and anticipates an additional $5 billion in inflow.

Bitcoin rallied back above $81,000 after a US Spot Bitcoin ETF drew $593 million in two days, despite continued market pressure.

Strategy proceeded with another Bitcoin purchase for the first time in two months, investing $370 million to push its holdings to 845,050 BTC, while also increasing its cash reserves and repurchasing STRC preferred shares.

Bitcoin's price has yet to decisively break through the $80,000 level, following investors' assessment of Federal Reserve Chair Kevin Warsh's continued cautious stance on the US inflation outlook.

Bitcoin's price surged to $81,385, a 26.16% increase over the past seven days, driven by several factors including institutional investor capital, market liquidity, and buying in the derivatives market.

The US Spot Bitcoin ETF drew net capital of $1.92 billion last week, the highest in 10 months, after Bitcoin surged 23% to around $77,000.

Capital outflows from US Spot Bitcoin ETFs reached their highest level in six weeks amid a sluggish market, dragging down the crypto market due to high interest rates.

Michael Saylor's Strategy sold another $108.6 million worth of Bitcoin and 6.6 million shares of common stock, continuing to build up liquidity.