At the time of writing this post, Bitcoin, the oldest cryptocurrency, was trading at $61587.70. I thought it was important that BTC surge past the 60K mark, which it did on Friday after nearly 25 weeks of reports that the American market regulator was to set a futures exchange trade fund by this month’s end, the first ETF of its kind.
According to Bloomberg, SEC, the U.S. Securities Exchange Commission, will allow trading in Bitcoin futures next week. We can see that Bitcoin trading over 61K right now, gaining over 4.4% on trademarketcap.com, and is about 7% below its ATH that it touched in April this year.
Another interesting fact is that other currencies like Ethereum, Binance, Cardano, Salona, and Polkadot are also getting excellent support from investors. However, the encouraging news is that several fund managers, including Proshares, VanEck, and Galaxy Digital, five in all, are ready to launch Bitcoin ETFs and have already applied in the US. I believe this will help boost...