Surge in STX Trading Volume Coincides with Bitcoin Milestone and ETF Possibilities

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Surge in STX Trading Volume Coincides with Bitcoin Milestone and ETF Possibilities

The majority of trading for STX, a digital currency, took place on popular exchanges such as Binance, KuCoin, and Coinbase. Binance had the highest trading volume, reaching $27 million, followed by Coinbase with $8.5 million. This increase in STX's price and trading activity occurred alongside Bitcoin's impressive surge past $34,000. The potential approval of spot Bitcoin ETFs has added to the excitement among investors and traders. The appearance of an ETF on the Depository Trust and Clearing Corporation's maintained list is seen as a significant development, especially since the iShares Bitcoin Trust is the first spot ETF listed. Analysts believe that BlackRock's involvement in logistical aspects implies confidence in the ETF's imminent approval. As of now, STX is trading at $0.73, reflecting a 12.15% increase in the last 24 hours according to Benzinga Pro.