Shares of the Grayscale Bitcoin Trust exchange-traded fund GBTC, +4.08% surged 3.2% Thursday as the price of the cryptocurrency BTCUSD, +1.58% moved higher. Grayscale's ETF is the closest investors can get to making trading bets on Bitcoin, since regulators have declined to allow the currency itself to be packaged into an ETF. GBTC tracks price movements in the digital currency, which has recently made a run at a fresh record. Among other things, Bitcoin's popularity increases along with easy-money policies in traditional money markets. Its all-time high was close to $20,000 three years ago. In the year to date, GBTC has gained nearly 120%.
The Link LonkNovember 13, 2020 at 12:59AM
https://www.marketwatch.com/story/bitcoin-linked-etf-surges-as-cryptocurrency-eyes-fresh-record-high-2020-11-12
Bitcoin-linked ETF surges as cryptocurrency eyes fresh record high - MarketWatch
https://news.google.com/search?q=fresh&hl=en-US&gl=US&ceid=US:en
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