after the debut of the etf, bitcoin rallied to a new high of over $67,000

Following the debut of the proshares bitcoin strategy etf on the new york stock exchange on tuesday, bitcoin hit a new all-time high of $67,016. this was the first time the cryptocurrency has achieved this level. on monday, the first bitcoin exchange-traded fund (etf) was launched on the new york stock exchange. in a request for authorization to convert its bitcoin assets into an etf backed by outright holdings of digital tokens, vaneck, the world’s largest digital asset manager with $38 billion in bitcoin under management, asked the sec for permission. during the period from march of last year to march of this year, the cryptocurrency markets have risen significantly, achieving a total market capitalization of $2 trillion.

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