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Gate.io Blog: [Hot Spots] Futures-Backed Bitcoin ETF - A Big Driver of BTC Hitting $60,000
Gate.io Blog: [Hot Spots] Futures-Backed Bitcoin ETF - A Big Driver of BTC Hitting $60,000
2021-10-20 14:29:41 UTC
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[Introduction]: On October 19th, the first exchange-traded fund(ETF) linked to Bitcoin futures began trading on the New York Stock Exchange, a huge milestone for the industry. Since the news started to circulate, Bitcoin has seen very bullish price movement, with its price breaking through $60,000 for the first time since April. In the latest month, Bitcoin has soared by 40% in price to a high of $62,600. So, what is the Bitcoin futures ETF and why is it so significant? This article will dive into these questions.
[Key words]: Bitcoin, SEC, ETF, GBTC
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[Key words]: Bitcoin, SEC, ETF, GBTC
Click here to read:
Gate.io Blog
As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home.
We invite you to experience and bookmark this blog, in order to get essential investors tips.
Website: https://www.gate.io/en/blog/bloglist
*App will be launched soon, please keep an eye out for it!
Blog entry: “About-Gate Blog” at the bottom of Gate.io homepage.
Gate.io Blog will be updated at regular intervals. Stay tuned!
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Oct. 20th, 2021
