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Crypto week at a glance: Upcoming Bitcoin ETF to drive more adoption
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economictimes.indiatimes.comBitcoin (BTC) on Friday rose above the $60,000 level for the first time since April as investors celebrated the anticipated US SEC approval for trading of Bitcoin futures exchange traded fund (ETF) in the coming week. BTC’s daily high of $62,600 brought it within 4 per cent of its all-time high of $64,800 with its year-to-date gains at approximately 110 per cent.
Bitcoin’s dominance as a share of market cap has gained over the last several weeks to slightly above 46 per cent.Bitcoin ETFThe US Securities and Exchange Commission (SEC) is expected to allow the first Bitcoin ETF to begin trading in the coming week, according to reports. After years of pressure from the ETF industry, this move can be considered a “watershed moment” for
. Read more on economictimes.indiatimes.comAbout this in other media
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