The First Bitcoin ETF Could Hit the Market, but There’s a Catch

There hasn’t been any luck with launching a Bitcoin ETF thus far, but Van Eck Associates Corp. and SolidX Partners Inc. hope to change that.

Today (June 6), the firms filed a request to list a Bitcoin-linked exchange-traded product (ETP) with the Securities and Exchange Commission, according to Bloomberg.

Of course, if it is approved, there is a catch.

The share price will be $200,000, so this will not target typical retail investors.

However, approval could lead to other Bitcoin ETFs hitting the market, bringing in more people to the crypto market.

In other news, Susquehanna International Group announced it will begin providing cryptocurrency trading options to its clients.

Susquehanna, one of the world’s largest investment firms, is the latest institutional investor to bolster its presence in the space. The firm first experimented with Bitcoin back in 2014.

Here is a recap of the top five cryptocurrencies by market cap as of 1:00 p.m. EST:

Cryptocurrency Market Cap Price Change (24h)
Bitcoin (BTC) $128,912,086,406 $7,548.06 -0.06%
Ethereum (ETH) $59,882,078,844 $599.38 -0.67%
Ripple (XRP) $26,140,153,821 $0.67 -1.28%
Bitcoin Cash (BCH) $19,095,009,379 $1,112.19 -1.35%
EOS (EOS) $12,293,289,119 $13.72 -1.94%

Here’s a closer look at today’s Money Morning cryptocurrency insight, the most important cryptocurrency update you need to know.

Money Morning Cryptocurrency Insight of the Day

Bitcoin prices have been very volatile in 2018, but a cryptocurrency guru has a bold Bitcoin price prediction.

From today’s prices of $7,548.06, he expects BTC prices could climb to $100,000.

Here’s everything you need to know about this bold price prediction.

*This has been a guest post by Money Morning*

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