Digital currency – bitcoin hits all-time high yesterday with anticipation of the approval of the first U.S bitcoin exchange trade funded by the Securities and Exchange Commission.
Reuters reports investors Cameron and Tyler Winklevoss have a pending application with the SEC for a bitcoin ETF, which was filed nearly four years ago. On March 11, the twins are expected to receive a final decision from the U.S. Securities and Exchange Commission on whether they can list their ETF.
Bitcoin yesterday was valued at $1,298 from the $ 1, 263 it last traded. So far it has increased more than 30%.
Bitcoin is a digital currency that can be used to move money around the world very fast and anonymously without the need for a central authority. If approved by the SEC, this would be the first bitcoin ETF issued by a U.S. entity.
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