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Home Cryptocurrency Bitcoin

Following recent speculation that the SEC will not block futures ETF, Bitcoin rises above $60K for the first time in six months

Tech Gist Africa by Tech Gist Africa
10/15/2021
in Bitcoin, Cryptocurrency, Digital Currency, Digital payments, Payment, Regulation, The Big 5
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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.

 

Read More on Tech Gist Africa:

Following China’s crackdown, the United States has become the world’s largest bitcoin mining center

The Ukrainian Parliament has passed a law to make Bitcoin and other cryptocurrencies legal

Bitcoin reaches a new all-time high of $63,000, Ahead of Coinbase listing

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