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Bitcoin enters the US stock market and breaks records | Israel Today

2021-10-20T18:17:12.338Z


It is an ETF that tracks futures contracts, which until recently was considered an "underdog" of legitimate investments.


Bitcoin made history this week when it went public in the United States and investors were quick to respond.

It is an ETF that tracks futures contracts, which until recently was considered an "underdog" of legitimate investments.

Now that the US Securities and Exchange Commission (SEC) has approved ETF trading, whose core asset is Bitcoin, the cryptocurrency market has gained momentum and is paving itself for a major investment stream.

The total market value of these currencies reached more than $ 2.64 trillion yesterday, with Bitcoin's share of the market being more than 1.25 trillion of it.

In the last 24 hours, more than $ 42 billion in deals have been offered, leading to a significant jump.

In July, the currency exchange rate was only $ 30,000.

It should be noted that the ETF does not hold the currency itself, but that the very trading close to its future exchange rates encourages trading in it.

Also, the very high volatility in currency exchange rates requires investors to be extra careful and aware of the high risk of this type of investment.

Source: israelhayom

All news articles on 2021-10-20

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