The Bitcoin Price Rise: It Reached 60 thousand dollars

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Bitcoin surged to $60,000 after reports that the US Securities and Exchange Commission is preparing to allow exchange-traded funds based on Bitcoin futures.

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Bitcoin is hitting its highest level since April, as analysts reported news that the US Securities and Exchange Commission (SEC) is preparing to allow exchange-traded funds (ETFs).

On the basis of Bitcoin futures contracts have been instrumental in the rise of the Bitcoin currency.

Citing sources familiar with the matter, the US-based Bloomberg Broadcasting Agency announced.

The SEC will allow the first Bitcoin futures ETF to begin trading next week.

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The report stated that unlike the Bitcoin ETF applications previously rejected by the regulator, the proposals by ProShares and Invesco Ltd are based on futures contracts.

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