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07.11 - 22:55
Bitcoin tops $60,000 for first time in six months as traders bet on ETF approval
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cnbc.comIn this article
Bitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund.
The world's biggest cryptocurrency jumped more than 8% to $62,307, according to Coin Metrics, notching its highest level since Apr. 17.
The Securities and Exchange Commission is set to allow the first U.S. bitcoin futures exchange-traded funds to start trading next week, a landmark victory for a cryptocurrency industry that has long sought permissions from Wall Street's top regulator, according to a person familiar with the matter.
Specifically, the person said the SEC isn't likely to block the ETFs proposed by ProShares and Invesco,
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