The first Bitcoin futures ETF in the U.S. listed, pushing Bitcoin to $64,000
The first Bitcoin (BTC) futures-linked exchange-traded fund in the United States started trading on the New York Stock Exchange on the 19th (evening of the 19th Taipei time) with an opening price of $40 per share, a closing price of $41.94, and an after-hours price of $41.76.
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Driven by the continuous rise of Bitcoin and the listing of ProShares' Bitcoin ETF, along with strong performances from Tesla, Coinbase, and others. The stock price of Coinbase (COIN) has not exceeded $300 for 5 months, opening at $300 yesterday, reaching as high as $307.85, and closing at $305.63.
Tesla (TSLA) reached $877.95 at one point during the trading session, briefly touching the $900 mark, but then slid down to close at $864.27. MicroStrategy (MSTR), a software company with a large amount of Bitcoin holdings, also opened high at $750.7 before falling to close at $727.25.
Despite Bitcoin returning to above $63,000 last night since hitting a historical high of $64,863 in April, the price is currently at $64,053 as of the deadline, stabilizing around the $64,000 mark. However, not everyone agrees with this upward trend.
Scott Minerd, the CEO of investment giant Guggenheim, said he no longer invests in Bitcoin because he doesn't understand the reason behind this surge. "When you don't understand what's happening, you leave the market, and right now I can't understand what's happening in the cryptocurrency market." However, earlier this year, he predicted that Bitcoin could reach $600,000. He had also previously predicted that the price of Bitcoin could reach $400,000. At the end of June, when Bitcoin was fluctuating around $30,000, Scott Minerd predicted that Bitcoin could drop to $15,000.
This article is authorized to be reprinted from Horizon News Network