Flagship cryptocurrency rallies to 2021 levels on optimism about mainstream investor appetite
The price of bitcoin traded above $50,000 on Monday for the first time since 2021, underscoring the sharp change in appetite for the token since mainstream bitcoin investment funds launched earlier this year.
“I think it’s something where you’ll start to see a specific allocation to that over time with the longer track record,” said Tim Huver, managing director on the US ETF services team at Brown Brothers Harriman. “I think we’ll see increasing adoption and interest in that space.
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