Responding to reports that a bitcoin futures ETF could clear the US Securities and Exchange Commission (SEC), bitcoin surged above $60,000 for the first time in almost six months.
Reports that a Bitcoin futures exchange-traded fund (ETF) might start trading in the United States as soon as next week has increased the price.
In what appears to be a key milestone within reach, the “Hash” panel analyzes the potential impact of a bitcoin futures ETF approval on the markets, regulation, and the wider crypto industry.
The US Securities and Exchange Commission is expected to permit several Bitcoin futures ETFs to begin trading next week, according to reports.
Due to rumors of an impending approval, the price has risen by around $7,000 in the last several days, equal to a 13% increase from $53,000 to $60,000. The most recent surge occurred in the last two days when Bitcoin rose from around $54,000 to the recent $60,000 high point.