Bitcoin has responded to the news about the possibility of the U.S Security Exchange Commission’s SEC approval of a Bitcoin Futures ETF by briefly reaching $60,000 in value.
Bitcoin reached the $60,000 mark at the early hours of Friday after Bloomberg reported at late hours of Thursday that the SEC will allow the very first Bitcoin Futures ETFs in the U.S.
According to anonymous sources that spoke with Bloomberg, the SEC isn’t likely to block the Bitcoin Futures ETF from starting to trade next week.
Bitcoin Futures ETFs are different from Bitcoin ETFs. Bitcoin ETFs give investors direct exposure to Bitcoin without having to buy it.
In the last 24 hours, bitcoin is up by 3.91%, with a current price of $59,787.37 as at the time of writing this. Within 24 hours, bitcoin dropped to $56,871.37 low and $59,961 high. The trading volume of bitcoin in the last 24 hours is $1.69B. The current market capitalization of bitcoin is $1.13T. Currently, $18.84M bitcoins is in circulation.
Stats and Image from Coin Desk
Bitcoin is not only the beneficiary of this rumour of possible Bitcoin ETF approval. Other Bitcoin-related altcoins, such as Badger DAO, Stacks, etc., experienced a surge. For example,