Bitcoin hit $60,000 Friday for the primary time since April, as buyers await U.S. regulators will approve the primary exchange-traded fund to trace the cryptocurrency.

Approval of an ETF that may purchase bitcoin futures contracts—even though now not the cash themselves—would building up the cryptocurrency’s legitimacy and make it more uncomplicated for institutional traders to get publicity. 4 packages for bitcoin futures ETFs, submitted in August, are pending approval from the U.S. Securities and Alternate Fee.

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