Bitcoin Exceeds $60,000 With Activity On The ETF Side

Bitcoin price has risen above the $ 60,000 threshold for the first time after the record was broken in April.

Bitcoin, which was over $ 60,000 for the first time in March of this year, was in many global stock markets in April. exceeding $64,500 He broke the all-time record for himself.

Applications filed by the US Securities and Exchange Commission (SEC) for a bitcoin ETF today that you can approve BTC/USD, which started to rise after the news pointing out, within 24 hours according to CoinGecko data. more than 4% showed a rise.

Craig Erlam, senior market analyst at OANDA, “psychological resistance” referred to as the point 60,000 If the dollar threshold is exceeded, the market “interesting” He announced that he could do something.

SEC decision expected next week

SEC’s on Oct. 18 by ProShares, Oct. 19 by Invesco, bitcoin futures contracts designed to invest application of two separate exchange-traded funds (ETFs) will make a decision next week.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence “against China” will take a step and what can be obtained from this market “tax income” Considering that cryptocurrencies “will adopt with appropriate regulations and ETFs” is thinking.

Valkyrie, whose application will be considered on October 25, has filed a complaint with the SEC today. 8-A notice found. Companies subject to the SEC must register with the SEC before a security is offered on the stock exchange. 8-A Form must be reported with.

Meanwhile, Bloomberg Intelligence’s ETF analyst James Seyffart announced the Bloomberg team’s bitcoin fund by ProShares. $BITO to add to terminal with code announced that he was ready.

Eric Balchunas, from the same team, to bitcoin exchange traded funds if the applications are approved. 3-4 billion dollars in the first year worth of money can flow is thinking.


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