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Gate Blog: [Hot Spots] Futures-Backed Bitcoin ETF - A Big Driver of BTC Hitting $60,000

Gate Blog: [Hot Spots] Futures-Backed Bitcoin ETF - A Big Driver of BTC Hitting $60,000

10/20/2021 14:29 (UTC)
60,977 views

[Introduction]: On October 19th, the first exchange-traded fund(ETF) linked to Bitcoin futures began trading on the New York Stock Exchange, a huge milestone for the industry. Since the news started to circulate, Bitcoin has seen very bullish price movement, with its price breaking through $60,000 for the first time since April. In the latest month, Bitcoin has soared by 40% in price to a high of $62,600. So, what is the Bitcoin futures ETF and why is it so significant? This article will dive into these questions.



[Key words]: Bitcoin, SEC, ETF, GBTC



Click here to read:

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Oct. 20th, 2021

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