Bitcoin charges skyrocket on spot BTC ETF hype By Cointelegraph

The prospect of a spot (BTC) exchange-traded fund (ETF) being accredited quickly in the USA has elevated demand for the main cryptocurrency, resulting in a surge in transaction charges.

The Bitcoin blockchain reached $11.6 million in charges paid on Nov. 16, in accordance with statistics from CryptoFees. On the time of writing, YCharts information exhibits that the common transaction payment is $18.69, up 113% from yesterday and 746% from a 12 months in the past.