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Bitcoin Surged hit $60k early hours of Friday morning after reports of ETF launch





 Bitcoin price surged early hours of Friday morning hitting $60k for the first time since April after the reports that the launch of an exchange-traded fund (ETF) is near.

The advances follow news on October 15 that the US Securities and Exchange Commission (SEC) is poised to approve the launch of a Bitcoin ETF, a source told Bloomberg.

It was also hinted at by the official Twitter account of the SEC's investor education division, which tweeted about the dangers of trading Bitcoin futures contracts, implying that an announcement was coming. 

Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.

Check out our Investor Bulletin to learn more: https://t.co/AZbrkpfn8F

-SEC Investor Ed (@SEC_Investor_Ed)

October 14,2021

Bitcoin is currently worth just under $60,000, putting it within striking distance from the all-time high of $64,863 it reached on April 14,2021, after rising almost 40% since the start of October. 



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