Bitcoin tops $60,000, nears record high
By Kathi on Oct 15, 2021 | 04:35 AM IST
Bitcoin tops $60,000, nears record high
When bitcoin became legal tender in El Salvador last month,
the digital currency got some mainstream credentials.
As it hit $60,000 for the first time in six months on
Friday (October 15), the anticipation of a different move was getting investors
excited.
Traders are growing confident that U.S. regulators will
approve the launch of an exchange-traded fund, or ETF, based on bitcoin futures
contracts.
Crypto investors have been waiting for approval of the
first such U.S. fund.
A report by Bloomberg News this week said the U.S.
Securities and Exchange Commission is set to allow the first one to begin
trading next week.
Several fund managers have applied to launch bitcoin ETFs
in the U.S.
And they've already been launched this year in Canada and
Europe.
Bitcoin, the world's biggest cryptocurrency has risen by
more than half in value since September 20th.
And is now close to its all-time high of $64,895.