The largest digital asset, Bitcoin, has reached the $63,000 milestone, its highest since April.
ProShares launched the first bitcoin-linked ETF under the ticker BITO at about $40.
This happened following the listing of the first U.S. bitcoin-linked ETF, BITO, on the New York Stock Exchange on Tuesday and news about bitcoin ETF filing by companies.
In the last 24 hours, bitcoin is up by 0.47%, with a current price of $62,376.62 as at the time of writing this. Within 24 hours, bitcoin dropped to $61,063.50 low and $63,261.46 high. The trading volume of bitcoin in the last 24 hours is $1.94B. The current market capitalization of bitcoin is $1.18T. Currently, $18.85M bitcoins is in circulation.
Stats and Image from Coin Desk
Institutional investment giant Grayscale has also announced today that it has filed with the U.S Securities and Exchange Commission (SEC) to convert its Bitcoin Trust GBTC into a Bitcoin ETF.
Grayscale confirmed that it is partnering with NYSE Arca to start the conversion process of GBTC and other 14 investment products into ETFs to create an opportunity for investors and industry partners to choose how they want to allocate their Bitcoin exposure.
Grayscale Investments CEO Michael Sonnenshein said that the investment company has “never seen greater maturity within the digital currency ecosystem, and we’re confident that this is the next step in GBTC lifecycle.”
Meanwhile, the French financial regulator Autorité Des Marchés Financiers AMF has given Paris-based alternative investment firm Melanion Capital the green light to launch its Bitcoin-linked ETF product on Friday, October 22.