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.
Critical Shiba Inu Price Level Revealed to Bulls, Ripple CEO Celebrates XRP ETF Milestone, DOGE Price Might Add Zero, Solana Eyes Golden Cross – Top Weekly Crypto News
Galaxy's Top Researcher Reveals When Bitcoin Will Hit $250K
Morning Crypto Report: $3.6 XRP Dream Is Not Dead: Bollinger Bands, 'New Cardano' Rockets 40%, Vitalik Buterin Sells Binance Coin and Other Crypto Amid 'Crypto Winter'
'Smartest Man Alive' Keeps Shilling XRP, Calls It 'Digital God'
— 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
Dan Burgin
Vladislav Sopov
U.Today Editorial Team
