Photo: by Wit Olszewski/Shutterstock The State of Play of Bitcoin ETFs in the United States
Although the SEC has, so far, rejected more than a dozen requests to list a Bitcoin exchange-traded fund, there is hope that the first approvals are finally on the horizon.
April 20, 2021 at 11:15 AM
11 minute read
Bitcoin broke into the consciousness of the general public in 2017. In March of that year, the price surpassed its then-all-time-high of $1,342. By Dec. 17, 2017, the price was $19,783, up 1,824% from Jan. 1, 2017. About a year later, on Dec. 7, 2018, the price had dropped to below $3,300, a 76% drop from the prior December. But by then, many investors (especially younger ones) were seemingly hooked. And, over the past year, the upside volatility has returned. On July 27, 2020, the price for Bitcoin had recovered the value lost in the COVID-19-related crash and was selling at $10,944. It hit a new all-time high above $64,000 on April 14, 2021.
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