Bitcoin At Record Price Levels Before the SEC’s Decision Regarding a Bitcoin ETF.

Bitcoin is traded in the past days at record price levels before the SEC’s decision regarding a bitcoin ETF⤑▷

Bitcoin price rose on Friday to a new record before the imminent announcement from the US Securities and Exchange Commission (SEC) on whether an application to create a Bitcoin ETF, an exchange-traded fund, bitcoin will get approved.

An ETF is a financial vehicle which provides exposure to a portfolio of financial instruments but has the added value of being traded just like shares on a stock exchange. ⤑▷

The brothers Tyler and Cameron Winklevoss are behind the venture. The brothers left in 2013 to a first application to launch an ETF for the cryptocurrency, an application which has since been upgraded several times.

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If approved, it will make easier for individuals and institutions to invest in bitcoin, which is expected to increase in value significantly.

 

 

That approval would be a great success for the Winklevoss is clear, according to Bloomberg News, which compares with the trend for gold ETFs.

Bitcoin reached on Friday afternoon record highs just above $ 1,290, according to the market place Bits Tamp.

other financial instruments that are available to investors who are interested in exposure to the bullish bitcoin market are:

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