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Bitcoin just got its first U.S. ETF approved, rises above $61k, 6% away from all-time high,



Bitcoin just got its first U.S. ETF approved.

Bitcoin has risen above $61,000 on Friday, the first time since April.

The cryptocurrency BTCUSD, +6.81% was recently trading at $61,253, up 7.3% over the past 24 hours. The number is about 6% away from its all-time high of $64,889 in April.

Bitcoin surged more than 3% after Bloomberg reported Thursday citing sources that the Securities and Exchange Commission is poised to greenlight the first U.S. bitcoin futures exchange-traded fund. The regulator is not likely to block the funds from starting to trade next week, according to the report.

Bitcoin also rose about 2% in the early afternoon on Thursday, after the SEC’s investor education office sent a tweet warning investors to weigh the risks and benefits of investing in a fund that holds bitcoin futures contracts. Some investors took it as a signal that a bitcoin futures ETF could get approval imminently.