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Bitcoin nears record high ahead of futures ETF listing
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economictimes.indiatimes.comBitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange traded fund could herald investment flows into bitcoin and cryptocurrency assets. Bitcoin, the world's biggest cryptocurrency by market value, rose as far as 1.5% during the Asia session to $62,991, its strongest level since the record peak of $64,895 in April. It is up some 40% in October on hopes that the advent of bitcoin exchange traded funds (ETF), of which several are in the works, will allow billions of dollars managed by pension funds and other institutional investors to flow into the sector.
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