Bitcoin has rallied to a record high a day after a bitcoin exchange traded fund launched on Wall Street for the first time, garnering strong demand in a sign of the booming investor interest in the asset class.
The digital coin struck a high of $67,016, surpassing its April peak, following the debut on Tuesday of the ProShares Bitcoin Strategy ETF on the New York Stock Exchange.
“The launch of the Bitcoin futures ETF marked an important milestone for the industry,” said Win Thin, global head of currency strategy at US bank Brown Brothers Harriman. “We see it as an undeniably positive step for the crypto industry, and the market seems to agree.”
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