The price of bitcoin hit a new all-time high of $66,950 on Wednesday as investors cheered the successful launch of the first bitcoin futures exchange-traded fund (ETF) in the United States. The cryptocurrency is now trading at $65,000, a key level.
The U.S. Securities and Exchange Commission (SEC) has likely approved VanEck’s Bitcoin Strategy ETF, with trading of the fund expected to begin on Monday. VanEck’s bitcoin ETF offers exposure to the crypto asset through futures contracts.
Investing giant Pimco, with $2 trillion in assets under management, could start trading spot cryptocurrencies, according to its chief investment officer Daniel Ivascyn. The firm has already been trading securities tied to the crypto market.
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Top stories in the Crypto Roundup today:
- Bitcoin Hits New All-Time High Near $67,000
- VanEck Bitcoin Strategy ETF Likely to Launch Next Week
- Investing Giant Pimco ConsideringTrading Spot Cryptocurrencies
- What Is a Gold-Backed Cryptocurrency?
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