Share this article
Bitcoin Hits All-Time High Above $66K on Strength of ProShares ETF Debut
The latest rally appears fueled by the successful debut on Tuesday of the first U.S. bitcoin futures exchange-traded fund.
Updated May 11, 2023, 5:31 p.m. Published Oct 20, 2021, 1:48 p.m.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $66,000, marking a full recovery from a months-long slump and extending the year’s gains to nearly 130%.
The cryptocurrency pushed past the previous price record of $64,889 set in April and was changing hands at $66,685 as of 15:44 UTC (11:44 a.m. ET).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The largest cryptocurrency appears to have gotten a push on Tuesday from the launch of the ProShares Bitcoin Strategy ETF, the first exchange-traded fund approved by the U.S. Securities and Exchange Commission to invest in bitcoin futures.
The new fund, traded on the New York Stock Exchange under the ticker BITO, hauled in $570 million of assets on its first day and racked up $1 billion of trading volume, ranking it among the most successful launches of all time.
In the coming weeks, several more bitcoin futures-based ETFs may debut in the U.S., opening the potential for savvy U.S. crypto investors to partake in what is known as a “cash and carry” arbitrage strategy.
These ETFs would buy bitcoin futures contracts, on regulated venues such as the Chicago Mercantile Exchange (CME), in an attempt to replicate the cryptocurrency’s price performance instead of purchasing actual bitcoin.
Read more: First Bitcoin Futures ETF ‘BITO’ Tops $1B Trading Volume on First Day
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.
What to know:
- Coinbase rose as much as 4.6% after unveiling a broad product expansion including stock trading and AI-powered tools.
- Analysts from JPMorgan, Citi, and Clear Street said the roadmap could expand Coinbase’s market and user engagement.
- Wall Street price targets range from $244 to $505, reflecting diverging views on Coinbase’s ability to execute its “Everything Exchange” strategy.
- The shares were recently price at $249.16.
Top Stories
