Bitcoin price reaches six-month high of US$ 63,400 following ETF debut on NYSE
Updated: 2021-10-20 07:52:43 KST
The price of Bitcoin is closing in on a new all-time high on anticipation of a newly-launched Bitcoin futures ETF.
The ProShares Bitcoin Strategy ETF was launched on Tuesday at the New York Stock Exchange.
It gained four.eight percent to close at nearly 42 U.S. dollars.
It gave Bitcoin a boost, with the price rising more than 1-thousand dollarsto a six-month high of 63,4-hundred dollars.
Bitcoin hit a record high of almost 65-thousand dollars in April.
Some analysts expect more gains, while others say the ETF won't affect the price of Bitcoin that much.