The American regulator may give permission for the first listed bitcoin funds as soon as next month. Several major financial companies, including BlackRock, have recently filed applications with the US Securities and Exchange Commission (SEC).
If the stock exchange watchdog approves the applications, this will result in billions of dollars in additional crypto investments.
The bankruptcy of FTX a year ago partly caused the bitcoin price to plunge to the lowest price since 2020 at the end of last year. But last month the price had more than doubled. CEO Michael Novogratz of Galaxy Digital, an investment bank that has filed for a bitcoin investment fund with the SEC, expects the digital currency to surpass its 2021 record of nearly $69,000 next year.
LOOK. Explained in 2 minutes: what are crypto coins and how do they work?
2023-12-04 02:33:00
#Bitcoin #price #worth #time #year
