<\/p>\n
The world’s leading cryptocurrency was at $63998 today, down 0.4% on the previous day, but still a few steps away from its record high of \u00a364895.22 reached on April 14. It even reached the value of 64499 dollars at the end of the day on Tuesday.<\/p>\n
<\/p>\n
Earlier on Tuesday, the ProShares Bitcoin Strategy ETF<\/strong> closed up 2.59% at $41.94 after its first day of trading, with around $1 billion worth of shares traded.<\/p>\n <\/p>\n Trading appears to be dominated by small investors<\/strong> and high-frequency trading companies<\/strong> for now, analysts said. The lack of block trades, meanwhile, indicates that institutions are sitting on the sidelines<\/strong>, at least temporarily https:\/\/rankhaya.com\/\u0e44\u0e27\u0e2d\u0e32\u0e01\u0e23\u0e49\u0e32\u0e2a\u0e33\u0e2b\u0e23\u0e31\u0e1a\u0e1c\u0e39\u0e49\u0e2b\u0e0d\u0e34\u0e07-female-via\/<\/a>.<\/p>\n <\/p>\n “The launch of this new product is significant for Bitcoin<\/strong><\/em>,” said James Quinn, managing partner of Q9 Capital<\/strong>, a Hong Kong-based private cryptocurrency asset manager. “Theoretically, any US-licensed brokerage firm that wants to invest in this new ETF<\/strong> can do so as easily as any other ETF<\/strong>, which should make it available to many people<\/em>.”<\/p>\n <\/p>\n While Bitcoin’s<\/strong> value has risen nearly 45% this month, the advent of the US Bitcoin ETF<\/strong> resonates for some as the hope that billions of dollars managed by pension funds<\/strong> will flow into the cryptocurrency, driving its value even higher.<\/p>\n <\/p>\n “Bitcoin<\/strong> futures have been overseen by the Commodity Futures Trading Commission<\/strong> for four years and ETFs<\/strong> are regulated by the SEC<\/strong>, which provides some level of investor protection<\/em>,” SEC<\/strong> Chairman Gary Gensler<\/strong> said Tuesday.<\/p>\n <\/p>\n