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Bitcoin pushes toward record before debut of futures-based ETF

From bnnbloomberg.ca

Bitcoin continued its climb toward all-time highs, bolstered by optimism over the upcoming launch of the first Bitcoin futures exchange-traded fund in the U.S. by asset manager ProShares. The largest cryptocurrency pared gains to trade 1.5 per cent higher as of 11:14 a.m. in London, near US$62,250. It’s more than doubled this year in volatile trading. The April record is just under US$64,870. ProShares plans to start the fund on the New York Stock Exchange Tuesday, its chief executive Michael Sapir said in an interview. The move is the latest sign of how cryptocurrency-related investments are becoming more ... (full story)

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  • Category: Fundamental Analysis