On Friday afternoon, the market reacted to the most recent information regarding the US market's first leveraged Futures Bitcoin exchange traded fund (ETF), and Bitcoin surged beyond the $31,000 mark.
The flagship cryptocurrency's price rises to its greatest level since June 2022, reaching highs of $31,500on the cryptocurrency market Bitstamp. This is a new year-to-date high for $BTC . At the time of writing, $BTC was trading at $30K to $31K up around 4% over the previous day but impressively up 87% year to date.
The SEC has approved the first leveraged Bitcoin ETF.
When the first leveraged Bitcoin Futures ETF went into effect on Friday, June 23, the US market started a new chapter in cryptocurrency investing. The Volatility Shares 2x Bitcoin Strategy ETF, or BITX, will start trading on Tuesday.
