Bitcoin prices surged following the approval of a new Bitcoin ETF, marking a significant milestone for the cryptocurrency market. The ETF, which allows institutional investors easier access to Bitcoin, has driven increased demand, pushing Bitcoin's price up by 7% in the last 24 hours. This development is seen as a major step towards mainstream adoption of cryptocurrencies, as it provides a regulated and accessible investment vehicle for traditional investors. The market response has been overwhelmingly positive, with trading volumes increasing significantly across major exchanges.