Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Wall Street News

New Fund by Winklevoss Twins Could Push Bitcoin to Historic Highs

February 23, 2017

In what is becoming a familiar refrain, bitcoin is surging towards a record price. It’s trading at around $1,145 today, just $20 shy of its all-time high of $1,165, achieved on 11/30/14.

 

Chatter in the markets is dominated by talk of a looming deadline for the SEC to issue a decision on a bitcoin ETF proposed by the Winklevoss twins. If approved, the ETF would enable institutional buyers to easily offer the cryptocurrency to consumers, potentially unleashing a flood of liquidity and demand for bitcoin into the markets.

 

The SEC has until March 11 to make a decision.

 

Bitcoin’s price has been surprisingly resilient in recent months, surging upwards even with an official clampdown by China’s central bank in place that has led to restrictions at Chinese exchanges, once the major source of trading volume in the cryptocurrency.