Bitcoin sits below all-time high after U.S. ETF debut

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Reuters

HONG KONG (Reuters) – Bitcoin hovered below record levels on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive investment into the digital asset. The world’s leading cryptocurrency was last at $63,998, off 0.4%, but still within a short jump of its record of $64,895.22, hit April 14 this year. It reached as high as $64,499 on Tuesday, late in the U.S. day. Earlier on Tuesday, the ProShares Bitcoin Strategy ETF closed up 2.59% at $41.94 after its first day of trading, with around …

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