Bitcoin reached $ 60,000 for the first time in six months on Friday, approaching highly high, because the hope of being a US regulator would allow funds traded with the Futures Exchange (ETF), a step that might open the path to a broader investment in Digital Investment .
assets.
Cryptocurrency investors have been awaiting approval from the first US ETF for Bitcoin, with bets in such a step triggering a recent rally.
The largest Cryptocurrency in the world rose 4.5% to the highest level since April 17, and last at $ 59,290.
This has increased more than half since September 20 and closed at a record high of $ 64,895 hits in April.
The US Securities and Exchange Commission (SEC) will allow the first Bitcoin US Futures ETF to be traded next week, Bloomberg reported on Thursday.
Such a step will open a new way for investors to get exposure to the assets that appear, traders and analysts say.
“ETF opens road rafts for people to get exposure, and there will be a quick step to this structure,” said Charles Hayter, CEO of Cryptocompare data company, which tracks ETF products.
“This reduces friction for investors to get exposure and provide traditional fundroom space to use assets for diversified purposes.” The Bitcoin movement on Friday was driven by a Tweet from the Investor SEC Education Office urged investors to weigh the risks and benefits of investing in funds that accommodated Bitcoin futures contracts, said Ben Caselin from AAX Crypto Exchange Asia.
Some fund managers, including Vaneck Bitcoin Trust, Proshares, Investco, Valkyrie and Galaxy Digital and funds have been applied to launch Bitcoin ETF in the US.
Crypto ETF was launched this year in Canada and Europe, it is increasingly popular amid increasing interest in digital assets.
Sec did not immediately respond to the request to comment on the report.
Bitcoin Tops $ 60k again with ETF’s expectations
