Bitcoin Hits New All-time High of $67,000 amid Record Interest for BTC ETF
Bitcoin is making strong moves to all-time high levels as the ProShares Bitcoin ETF becomes the fastest ETF fund to hit $1 trillion in assets.
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Bitcoin is making strong moves to all-time high levels as the ProShares Bitcoin ETF becomes the fastest ETF fund to hit $1 trillion in assets.
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Bitcoin (BTC) has set a new ATH, hitting $66,000. Several fundamentals have combined to take Bitcoin to the point where it is today.
The ProShares Bitcoin Futures ETF product tracks the speculations on the future price of the digital currency, which may make the product behave differently from the real BTC asset.
The list of new investors in the round included Advanced Blockchain, Republic, Rarestone, Yunt Capital, P2P Validator, Femboy Capital, and Ethereal Ventures, and their limited partners.
Digital asset manager Grayscale wants to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The company said it has 14 other investment products that it is willing to convert into a Bitcoin ETF.
Post the launch of ProShares Bitcoin Strategy ETF, BTC price has been flirting around $64,000.
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The ProShares Bitcoin ETF becomes the second-most heavily traded fund with BITO surging 5% on debut and registering a record turnover of $1 billion on Day 1.