Buy the rumor... buy the news? BTC price passes $63K as US Bitcoin ETF launches

Buy the rumor... buy the news? BTC price passes $63K as US Bitcoin ETF launches

Bitcoin reaches $63,000 as Grayscale Bitcoin Trust announces it will convert its $40 billion fund into a Bitcoin spot ETF. Bitcoin (BTC) hit $63,000 on Oct. 19 as the debut of the first regulated Bitcoin exchange-traded fund (ETF) saw solid uptake.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewETF launch sparks six-month BTC highsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its highest levels since April 16 as the ProShares Bitcoin Strategy ETF ($BITO) began trading on the New York Stock Exchange.BITO opened at just under $40, swiftly hitting local....


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