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In more recent times, climate change watchers have shone a spotlight on the huge amount of electricity used to power computers required to unearth new bitcoin tokens.
NEW YORK: Inflation concerns rather than exuberance about the first US bitcoin futures exchange-traded fund (ETF) is driving the digital currency to record highs, according to JPMorgan Chase & Co strategists.
NEW YORK (Reuters) - The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.
NEW YORK: Asset manager ProShares signalled plans to launch a bitcoin futures exchange-traded fund (ETF) as soon as today, an action that would end an eight-year wait for a security tracking the cryptocurrency on the US stock market, according to a filing.