Bitcoin Shoots Above $65,000 After Bitcoin Future's ETF Stellar Debut
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.