The digital currency was up 40 percent from a month ago, reaching $60,126, according to Bloomberg News data, which reported that the US Securities and Exchange Commission could allow the ETF to trade next week.“An SEC Bitcoin ETF approval is a watershed moment for the crypto industry as this could be the key driver for getting the next wave of crypto investors,” said Edward Moya, senior market analyst at OANDA.
The ETF would add to an eventful year for the world’s leading cryptocurrency, which hit a record high at $64,870 in April and became a legal tender in El Salvador, the first country to adopt it officially. “This is a key development for the crypto space as it would allow many investors who were on the fence to enter the market in more traditional ways,” said Walid Koudmani, analyst at XTB online trading.
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