Bitcoin Hovers Below Peak, Doubts Linger Over Boost From US ETF

Bitcoin Hovers Below Peak, Doubts Linger Over Boost From US ETF
A representation of the cryptocurrency Bitcoin is placed on a computer motherboard in this illustration taken on June 29, 2021. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

LONDON/HONG KONG—Bitcoin hovered on Thursday below its all-time high struck a day earlier after the launch of the first U.S. bitcoin futures exchange-traded fund, though J.P. Morgan analysts voiced doubt over its impact on cryptocurrency investment flows.

The world’s largest cryptocurrency traded flat at $66,032, erasing slim losses made in Asian trading hours, after hitting a record $67,016 on Wednesday.