Today, Bitcoin surpassed $60,000 for the first time in six months, approaching its all-time height, as traders grew optimistic that US regulators would authorize the launch of an ETF based on its futures contracts.
Investors in digital assets have been waiting for the first U.S. ETF to be approved, and bitcoin’s current gain has been fueled in part by expectations of such a move, which is seen as hastening the mainstream adoption of digital assets.
Bitcoin, the world’s most popular cryptocurrency, gained 4.5 percent to $59,030, its highest level since April 17. Since Sept. 20, its value has increased by more than half, and it is currently near to its all-time high of $64,895.
Bloomberg News reported on Thursday that the Securities and Exchange Commission (SEC) is ready to authorize the first U.S. bitcoin futures ETF to begin trading next week.
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