ADVERTISEMENT

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

The Bitcoin Strategy ETF rose nearly five percent in its first day of trading on Tuesday.
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.