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Bitcoin Shoots Above $65,000 After Bitcoin Future's ETF Stellar Debut
20 Oct 2021, 07:47 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![The Bitcoin Strategy ETF rose nearly five percent in its first day of trading on Tuesday.](https://media.assettype.com/bloombergquint%2Fimport%2F2r1h0gng_bitcoin_625x300_04_August_21.jpg?auto=format%2Ccompress&w=200)
The Bitcoin Strategy ETF rose nearly five percent in its first day of trading on Tuesday.
Bitcoin hit a new record on Friday, surging past $65,000 after it took another step towards mainstream status as the world's biggest cryptocurrency forayed onto Wall Street.
A bitcoin futures exchange-traded fund (ETF), a type of financial instrument, made its debut on the New York Stock Exchange on Tuesday. The cryptocurrency soared to $65,778, according to CoinMarketCap.
The Bitcoin Strategy ETF rose nearly five percent in its first day of trading on Tuesday. The fund should be a more accessible vehicle for mainstream investors, and could therefore boost trading in the cryptocurrency.
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