Bitcoin ETF News, Bitcoin News

Bitcoin ETF Hype Leads To All Time Highs Prices – Altcoins Also Following The Lead.

Prior to the U.S. Securities and Exchange Commission’s approval of a Bitcoin (BTC) futures exchange-traded fund, altcoin prices were mixed on Thursday.

According to CoinMarketCap data, Ethereum, Cardano, and Litecoin are up for the day, following Bitcoin All-Time Highs lead, today on thursday. Meanwhile, meme-inspired Dogecoin (DOGE) and Shiba Inu (SHIB) coins each jumped 3 percent, and Binance coin rose more than 2 percent.

As investors awaited the debut of the first-ever bitcoin futures ETF, cryptocurrencies fluctuated. The ProShares Bitcoin Strategy ETF will begin trading on the New York Stock Exchange on Tuesday under the ticker “BITO.”

Valkyrie, Invesco, and Van Eck bitcoin futures ETFs may also be authorized this month, according to CNBC. According to Insider, dozens of other firms are still waiting for their money to be approved.

Bitcoin continues to rise above the $65,000 USD barrier on 21st October, trading at $65,087.80 USD, at the reporting time.

Alternatives to BTC first appeared about a decade ago, with the goal of improving on the world’s largest digital asset. There are now thousands of altcoins, each of which is even more volatile than its predecessor.

Despite some volatility ahead of the approval of the bitcoin futures ETF, digital assets have mainly been rising this year, due in part to retail-trader enthusiasm.

According to CoinMarketCap statistics, Ethereum, the world’s second-largest cryptocurrency, has risen more than 400 percent, while Binance Coin, the third-largest by market value, has risen more than 1,000 percent.

As Tesla CEO Elon Musk has fuelled the frenzy around the meme currencies, Dogecoin and Shiba Inu have witnessed eye-watering increases.

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