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Bitcoin hits highest level in 13 months, rising 3%

Bitcoin has recently found support due to plans by fund managers to launch a US-listed spot bitcoin exchange-traded fund (ETF).
Bitcoin has recently found support due to plans by fund managers to launch a US-listed spot bitcoin exchange-traded fund (ETF).

Bitcoin hit its highest level in 13 months today rising as much as 3.28% to $31,500.

The world's largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock - the world's largest asset manager - to launch a US-listed spot bitcoin exchange-traded fund (ETF).

Nasdaq refiled its application to list BlackRocks's ETF according to a filing made public on Monday after the US securities regulator had reportedly raised concerns over initial filings.