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.
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.
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.