New York Usa New York City bitcoin cryptocurrency New York Usa New York City

Bitcoin: why its value has rocketed once again

Reading now: 648
theconversation.com

Bitcoin’s journey into mainstream finance has reached another major milestone – and another record price. The cryptocurrency was trading at US$66,975 (£48,456) following the launch of an exchange traded fund (ETF) in the US which has dramatically increased bitcoin’s exposure to investors.

The fund, which opened on October 19, allows investors to speculate on the future value of bitcoin – without actually owning it.

It is the first time investors have been able to trade an asset related to bitcoin on the New York Stock Exchange, and was preceded by much media attention and hype in financial markets.

Read more on theconversation.com
The website meaws.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA