[2017-03-04] ToI: BTC hits all-time high as talk of US ETF approval intensifies

[polynesia]

Bitcoin hits all-time high as talk of U.S. ETF approval intensifies

http://timesofindia.indiatimes.com/business/international-business/bitcoin-hits-all-time-high-as-talk-of-u-s-etf-approval-intensifies/articleshow/57457713.cms

Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission.

"There's one catalyst at the moment and that is the expectation that the Winklevoss Trust will be approved on the 11th of March. That's the only game in town," said Daniel Masters, portfolio manager of Jersey-based Global Advisors Bitcoin Investment Program.

Investors Cameron and Tyler Winklevoss have a pending application with the SEC for a bitcoin ETF, which was filed nearly four years ago. On March 11, the twins are expected to receive a final decision from the U.S. Securities and Exchange Commission on whether they can list their ETF.

If approved by the SEC, this would be the first bitcoin ETF issued by a U.S. entity.

On Friday, bitcoin climbed to a record $1,298 on the BitStamp platform. Bitcoin last traded at $1,263.01, up nearly 5 percent on the day. So far this year, bitcoin has surged more than 30 percent.

[zahra4577]

Bitcoin hits all-time high as talk of U.S. ETF approval intensifies

http://timesofindia.indiatimes.com/business/international-business/bitcoin-hits-all-time-high-as-talk-of-u-s-etf-approval-intensifies/articleshow/57457713.cms

Digital currency bitcoin hit a record high on Friday on optimism about the approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission.

"There's one catalyst at the moment and that is the expectation that the Winklevoss Trust will be approved on the 11th of March. That's the only game in town," said Daniel Masters, portfolio manager of Jersey-based Global Advisors Bitcoin Investment Program.

Investors Cameron and Tyler Winklevoss have a pending application with the SEC for a bitcoin ETF, which was filed nearly four years ago. On March 11, the twins are expected to receive a final decision from the U.S. Securities and Exchange Commission on whether they can list their ETF.

If approved by the SEC, this would be the first bitcoin ETF issued by a U.S. entity.

On Friday, bitcoin climbed to a record $1,298 on the BitStamp platform. Bitcoin last traded at $1,263.01, up nearly 5 percent on the day. So far this year, bitcoin has surged more than 30 percent.

Even if bitcoin dont get SEC approval, price is going to hit $1500 this month for bitcoin has attracted a lot of attraction following this price hike.
This has increased geographically diversed demand of bitcoin.

[rajasumi3]

Bitcoin is very fluctuating this time and the price of bitcoins will rise upto 2000$ by the end of july . Bitcoin is rising in the business market as an exponential level and the price of bitcoins would go high up a lot bu the end of this year.

[bitcoinisbest]

Not very sure if it will rise or not. For now price seems to be in dropping phase. Already @ 1190 $ per btc. Also Indian RBI dy governor have alerted against the btc for the risks involved. Also he directed that everything should come under policies and their framework so you can expect a control on bitcoins as well.