Bitcoin price LIVE: Crypto-fund assets explode to all-time high as first-ever ETF launched

Cryptocurrencies like Bitcoin are 'apolitical' says financial expert

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Bitcoin now stands at $62,000 dollars, just $2000 away from the $64,0000 record it hit in April.

The overall crypto market hit $2.5trillion on Monday evening and analysts predict that bitcoin and other cryptocurrencies will beat their previous records in the coming months.

The ProShares Bitcoin Futures ETF, which was approved by the ETF on Friday, will begin trading on the New York stock exchange on Tuesday.

This will make the most widely traded cryptocurrency available to most investors who have a brokerage account.

According to the digital assets management company CoinShares, the ETF approval: “Could prompt further significant inflows in the coming weeks as U.S. investors begin to add positions.”

Prominent bitcoin analyst PlanB predicts the cryptocurrency will reach six figures within the next two months.


Bitcoin futures ETF to launch today

The first-ever bitcoin futures exchange-traded fund (ETF) will launch on the New York Stock Exchange on Tuesday. 

This will open up bitcoin to many more investors and will pave the way for more cryptocurrency ETFs to be approved.

The launch of the ETF is set to cause a further surge in the price of bitcoin and may well take it above its record. 

What is the current price of Bitcoin?

Bitcoin currently stands at $62,0000 dollars and is set to continue to rise as the ProShares Bitcoin Futures ETF begins trading on Tuesday. 

Analysts predict the cryptocurrency will slash its $64,0000 record, which it first hit in April, in the coming months. 

Source: Read Full Article