RATE Group | As bitcoin climbs, US fund manager files for crypto index ETF
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As bitcoin climbs, US fund manager files for crypto index ETF

26 Jul As bitcoin climbs, US fund manager files for crypto index ETF

Posted at 03:48h in Bitcoin News by

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Bitcoin’s comeback is showing no signs of abating as the No.1 digital currency has regained the $8,000 level for the first time since May 23, MarketWatchreports.

And with this fervor as a backdrop, the exchange-traded-fund space continues its pursuit of a slice of the cryptocurrency pie — this time with a twist.

In early Tuesday afternoon trading, a single bitcoin last changed hands at $8,229.84, up 6.8% since Monday’s 5 p.m. level on the Kraken cryptocurrency exchange.

The turnaround in bitcoin comes as interest from the financial and institutional sector grows. Last week, Grayscale Investments said it raised a record $250m in the first half of 2018, of which more than 50% was institutional money, and more upbeat news for the industry came when the Financial News reported that BlackRock, the largest asset manager, had set up a working group looking into blockchain technology.

“This is an extremely exciting period for cryptocurrencies and blockchain technology with…

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