Bitcoin hits record high as launch of new fund opens up market to more investors

Bitcoin hits record high as launch of new fund opens up market to more investors

Bitcoin has hit a new record high after the launch of a new exchange traded fund (ETF) linked to the cryptocurrency - seen as likely to open it up to a wider class of investors.

The price topped $67,000 on Wednesday, surpassing a previous record of just below $65,000 set in April.

Bitcoin - the world's leading cryptocurrency - had sunk to less than $30,000 over the summer as worries about regulation in China took hold.