Bitcoin rose about 2 percent to $38,240 in early Wednesday trading amid speculation that the US Securities and Exchange Commission may soon approve BlackRock’s spot Bitcoin ETF. Daily trading volume reached $44 billion across major exchanges. Ethereum also gained 1.3 percent to $3,790. Traders said institutional interest remains high as ETF approval could bring billions in new inflows. Market volatility rose slightly with the Crypto Fear and Greed Index at 72 (“Greed). Analysts expect short-term resistance near $39,000 if macro sentiment stays supportive.