Cryptocurrencies
Bitcoin Climbs Past $8,000 as ETF Speculation Fuels Renaissance
- Largest digital currency has surged as much 13% this week
- Bitwise Asset Management files to offer Bitcoin index fund
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Hope springs eternal, especially for Bitcoin diehards when it comes to the prospects for the first cryptocurrency exchange-traded fund.
The largest virtual currency has rallied about 40 percent since the start of July, in part on speculation that the Securities and Exchange Commission may make a decision as soon as August. That’s helped to ease some of the sting from the price plunge that saw Bitcoin drop for a record high of almost $20,000 in December to around the $8,000 level Tuesday.