Bitcoin rocketed to a new record midweek, fueled by the launch of the first U.S. exchange-traded fund, or ETF, linked to the cryptocurrency’s momentum. The digital currency has soared by 120% this year, touching an all-time high of almost $67,000 midweek, and Bloomberg notes fresh records “embolden” believers to further rally behind the crypto. The ProShares Bitcoin Strategy fund, which launched Tuesday, attracted $1.1 billion in its first two days — a record pace for an ETF. The Financial Times also notes investors are “dumping gold for cryptocurrencies” as they seek protection against rising inflation.

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