Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Bitcoin Rallies Sharply this Week on Wall Street ETF Applications

Bitcoin (^BTCUSD) today is trading -0.9% lower, but has retraced only a small part of Tuesday’s rally of +5.43% and Wednesday’s rally of +6.45%.  Bitcoin on Wednesday posted a new 2-1/4 month high and stopped just shy of April’s 1-year high.  Bitcoin is down by -56% from its record high of $68,992 posted in November 2021.

This week’s bitcoin rally was sparked mainly by a spate of new crypto ETF applications to the SEC. Invesco (IVZ) and Wisdom Tree (WT) this week filed for spot bitcoin ETFs.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.