Bitcoin Cash prices surged past $550 at 1 a.m. UTC, driven by significant trading volume and increased institutional investment. This breakout marks a notable milestone for BCH, signaling growing confidence from major players. Notably, the surge coincided with T. Rowe Price’s inclusion of Bitcoin Cash in its crypto ETF, highlighting the cryptocurrency’s appeal to institutions. Increased trading activity reflects this institutional interest, as shown by soaring open interest and funding rates on futures markets, suggesting a bullish market sentiment. While historical data suggests price surges often coincide with significant events or technological advancements, no regulatory measures have been observed, paving the way for greater transparency in the crypto space.