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LequteMan
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The value of digital currency bitcoin on Friday hit a record high on talks of approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission.
Bitcoin climbed to a record $1,298 on the BitStamp platform. Its last trading value on Friday was $1,263.01, up nearly 5 percent. So far this year, bitcoin has surged more than 30 percent.
Investors Cameron and Tyler Winklevoss have a pending application with the SEC for a bitcoin ETF, which was filed nearly four years ago. On March 11, the twins are expected to receive a final decision from the U.S. Securities and Exchange Commission on whether they can list their ETF.
If approved by the SEC, this would be the first bitcoin ETF issued by a U.S. entity.
Bitcoin is a virtual currency that can be used to move money around the world quickly and anonymously without the need for a central authority.
Bitcoin climbed to a record $1,298 on the BitStamp platform. Its last trading value on Friday was $1,263.01, up nearly 5 percent. So far this year, bitcoin has surged more than 30 percent.
Investors Cameron and Tyler Winklevoss have a pending application with the SEC for a bitcoin ETF, which was filed nearly four years ago. On March 11, the twins are expected to receive a final decision from the U.S. Securities and Exchange Commission on whether they can list their ETF.
If approved by the SEC, this would be the first bitcoin ETF issued by a U.S. entity.
Bitcoin is a virtual currency that can be used to move money around the world quickly and anonymously without the need for a central authority.
