Bitcoin tested above $ 66 thousand and reached an all-time high, surpassing the peak in April.
After the ProShares Bitcoin Strategy Exchange Traded Fund (ETF) started trading on the New York stock market, Bitcoin rose by 2.1 percent, exceeding $ 66 thousand and breaking a record. Thus, the rise of Bitcoin since the beginning of 2021 has exceeded 120 percent.
Other major crypto assets also found support from the rise of Bitcoin. Ether, the second-largest digital currency, also rose, while the Bloomberg Galaxy Crypto Index gained.
Jesse Proudman, co-founder and CEO of crypto consulting firm Makara, described the Bitcoin ETF’s launch as “a confirmation moment.” “It is no longer a question of whether this asset class will continue to exist – I think this is a really important moment in the history of the broader digital asset class,” Proudman said.
$1 billion in Its First Trading Day
The first Bitcoin-linked exchange-traded fund to be listed on the US stock market entered the markets as the second most traded fund on record. According to data compiled by Bloomberg, more than 24 million shares have changed hands in the ProShares Bitcoin Strategy ETF.
Bitcoin Strategy ETF reported that with a trading volume of approximately $1 billion in its first trading day, BlackRock, which holds the record for the first trading day, is placed just after the carbon fund.