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Bitcoin Rises to USD 168,000 by Year-End, Is It Possible?
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On Tuesday, the first cryptocurrency exchange-traded fund, the ProShares Bitcoin Strategy Fund (BITO) debuted on the New York Stock Exchange. It made 23.1 million shares traded, or nearly USD 950 million when the session closed. BITO has become the second-highest ETF in the opening day volume. It reflects the great demand of individual investors and advisors who are looking for prudent ways to get exposure to Bitcoin.
COO of Solidus Labs, Chen Arad said that the well-performed Bitcoins ETF gives a strong signal of adoption of Bitcoin and crypto as a whole by the market, which could lead to general price increases.
Sharing the same opinion,
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