Bitcoin ETF Approval Is Good Omen For The Cryptocurrency – Investing.com
- Date: 22-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Bitcoin ETF Approval Is Good Omen For The Cryptocurrency – Investing.com
The cryptocurrency market is currently abuzz with optimism after ProShares Bitcoin Strategy ETF (NYSE:) launched. These investment products could offer additional exposure to cryptocurrencies, increasing the number of investors.
For now, hope for the launch of more ETFs appears to be the main driving force behind the market's current rally. crossed the $60,000 mark for the first time since May last week after reports surfaced that the Securities and Exchange Commission (SEC) could approve another Bitcoin ETF this week.
Considering the amount of excitement currently trailing the ETF space, it's worth understanding how these investment products could be a massive catalyst for additional growth in the market.
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