Bitcoin hits a record high of $ 66,000

The price of Bitcoin is reaching higher all the time.

On the evening of October 20, the price of Bitcoin edged upward, breaking an all-time high of US $ 64,443 on April 11, 2021, and reaching US $ 66,000, with an intraday rise of 5.64%.

Ethereum prices rose 6.26% in one day, crossing the $ 4,000 mark that day, but never broke the all-time high of $ 4,371.

Since October, the value of Bitcoin has risen further from around $ 40,000 to $ 50,000 and then reaching all-time highs.

The first Bitcoin Futures ETF recently approved by the US SEC is good news. On October 20, the ProShares Bitcoin Futures ETF was listed on the NYSE High-Growth Markets (NYSE Arca) under the symbol "BITO". The opening price for the first day was $ 40.89 and the closing price for the first day was $ 41.94, a 4.9% increase from the opening price.

Statistics show ETFs traded over 24 million hands, with trading volume rising $ 1 billion on day one. The first day of history.

On January 3, 2021, Bitcoin continued its ascent until the end of 2020, completed by $ 30,000 and then started to recover. He broke a new heart again. Currently, Bitcoin has grown over 130% year-over-year and its current value is currently $ 65,869.

Almost $ 1 billion traded on Bitcoin ETF on day one of listing

The first Bitcoin ETF went public in the United States and had sales of around $ 1 billion on day one, making it the second highest in history.

The first Bitcoin was the ProShares Bitcoin Strategy ETF, which rose 4.9% on average on Tuesday to $ 41.94. According to statistics, more than 24 million companies. Due to exchange rate fluctuations, earnings from the exchange will not be known until Wednesday evening. It has been reported that investment options will begin trading on NYSE's Arca options and on the NYSE US options exchange from Wednesday. At the same time, with the completion of ETFs, Bitcoin continued to rise and hit a record high of $ 64,870 per coin.

“In discussions with market participants, we believe that the rise of Bitcoin is interfering with investors' belief that Bitcoin ETFs are profitable,” said FRNT Financial, an investment firm specializing in the market layer of Bitcoin. cryptocurrencies. Says Stéphane Ouellette, CEO and Co-Founder of “Although we already have many opportunities for an entrepreneur to participate in the Bitcoin market, Bitcoin ETFs can still meet certain investment needs. "

Bitcoin ETFs are a much anticipated opportunity for cryptocurrency traders and Wall Street traders. Many traders have long believed that a regulatory deal would open up cryptocurrency investments to many investors. Currently, ProShares Bitcoin ETFs are subject to forward contracts and adhere to the terms of the joint venture. SEC Chairman Gary Gensler (Gary Gensler) once said that the common law provides "protection for major investors."

Simeon Hyman, Global Marketing Director of ProShares, told media, “We are very happy to use the first Bitcoin Linked ETF as an important opportunity for investors to make it easier for investors to hold the Bitcoin position in their money on a regular basis. They are now waiting for a simple and powerful way to engage in cryptocurrency investments and hold key trades. "