Bitcoin Surges to All-Time High in Crypto’s ‘Validating Moment’

ProShares ETF sees more than $1.2 billion of trading volume
Wall Street establishment still nurses deep skepticism

Bitcoin Jumps to Record High After Debut of Futures-Based ETF

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By Vildana Hajric and Joanna Ossinger

October 20, 2021 at 1:45 PM UTC

Updated on

October 20, 2021 at 9:08 PM UTC

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Bitcoin rallied to a record, topping $66,000 for the first time as optimism surged for greater mainstream acceptance in the wake of the successful launch of the inaugural exchange-traded fund for U.S. investors.