The price of Bitcoin has spiked to a multi-month high of $59,459 on the Bitstmamp exchange after Bloomberg reported that the U.S. Securities and Exchange Commission didn't oppose the launch of a futures-based Bitcoin exchange-traded fund in the U.S.
Advertisement
The media outlet cites multiple sources familiar with the matter.
ProShares Bitcoin Strategy ETF, the very first ETF in the line, is now expected to start trading as early as next week.
Like I said tho until these little F-ers (ETFs) are literally trading on the exchange I’m not ready to close this case. But odds now over 90% IMO.
CNBC Declares XRP the 'Breakout Trade of 2026'
Ripple President: We Still Plan to Remain Private
Top US Exchange Puzzled by XRP Rally
Ripple Moves $652 Million in XRP, Shiba Inu (SHIB) Price Makes Big Breakout Move, Legendary Trader Bollinger Issues Bullish Bitcoin Price Prediction — Crypto News Digest
— Eric Balchunas (@EricBalchunas) October 15, 2021
The approval would mark a significant milestone for the industry that has been attempting to launch a Bitcoin ETF since 2013 without any luck.
Advertisement
Gamza Khanzadaev
Arman Shirinyan
Alex Dovbnya