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Bitcoin hits $60,000 for the first time since April
The rally was fueled on Thursday after recent Bloomberg report shows that a bitcoin futures exchange-traded fund will clear the SEC.
By Rony Abboud
October 14, 2021
- Thematic
- Cryptocurrencies
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Bitcoin, the world's largest cryptocurrency by market cap ($1.17 trillion) is one step closer to break its all-time record of $64,863 set on April 14, 2021, after briefly hitting the $60,000 mark.
The rally was fueled on Thursday after recent Bloomberg report shows that a bitcoin futures exchange-traded fund (ETF) will clear the U.S. Securities and Exchange Commission (SEC). Bitcoin gained more than 3% in less than an hour, approaching $60,000 for the first time since April, according to coinmarketcap.com.
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Piled up on SEC's desk are 40 bitcoin ETF filings with multiple decision deadlines on futures-linked products hitting next week. According to Bloomberg, the regulator is expected to approve at least some of them.
Investors can already join the ride with other available North American Bitcoin ETFs like the Purpose Bitcoin ETF (BTCC.U), Horizons Bitcoin ETF (HBIT) and CI Galaxy Bitcoin ETF (BTCX).
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Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
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Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
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