One day after the the first Bitcoin-linked ETFon the New York Stock Exchange, the price of Bitcoin rose above $65,000 -- an all-time high for the cryptocurrency. As ProShares Bitcoin Strategy ETF began trading Tuesday morning, the price of Bitcoin began to tick upward, not quite breaking the $65,000 mark -- until today.
As of Wednesday morning, theis now over $66,000 and climbing. This marks a significant increase in the cryptocurrency's value from September. At September's end, Bitcoin's price hovered around $43,000. It's been rising steadily ever since.
Just in the last seven days, the price of Bitcoin has risen under review by the Securities and Exchange Commission. Investors could soon see new exchange-traded funds in the same vein as ProShares Bitcoin Strategy ETF. It will be interesting to see how Bitcoin prices shift with new Bitcoin-linked financial instruments, as they are made available to mainstream investors.. More Bitcoin-linked ETFs are
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