A week of ETFs and all-time highs The spot price of bitcoin smashed through the leading crypto asset's all-time high (ATH) surpassing $66,000 per unit and subsequently tapping $67,000. This after the first bitcoin exchange-traded fund (ETF) was launched in the United States.
The last time bitcoin touched an ATH six months ago on April 14, 2021, the price reached $64,804 per unit.
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In the news Popular analyst says BTC price still 'nowhere near a top' On Wednesday, just before bitcoin surpassed the digital asset's all-time high (ATH), the crypto analyst known as "Techdev" said the "2-week chart looks strong and ready for much higher highs."
Just 26 days ago, Techdev said that "$200-300K bitcoin looks almost too programmed" and this week, the analyst noted that we are "nowhere near a top." Grayscale confirms plan to convert GBTC into bitcoin ETF Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF).
"The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF," said Grayscale's official. Gary Gensler explains why SEC approved a bitcoin futures ETF SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE.
Meanwhile, the commission has not approved a spot bitcoin ETF.
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