First-ever Bitcoin ETF closed its first trading day, pushing Bitcoin near its all-time high

The first U.S. bitcoin futures-based exchange-traded fund began trading on Tuesday, pushing bitcoin near its record of $64,895.22. Traders bet that the ETF could boost investment flows into cryptocurrencies. The ETF traded under the ticker BITO at NYSE Arca exchange. During its first day of trading, the ETF closed by +2.59% at $41.94, with around $1 billion worth of shares being traded. The greenlight from SEC was considered as a watershed moment for cryptocurrencies.

Latest data show that, foreign holdings of U.S. Treasuries rose for a fifth straight month in August and hit a record high. Foreign investors held $7.56 trillion of Treasuries as of the end of August. U.S. Treasury yields are low by historic standards but higher than government bond yields in many other major countries, boosting their attractiveness to foreign investors. Japan remained the largest non-U.S. net holder of Treasuries, followed by China.