Afterwards hitting a new all-time high price approaching $67,000 before on Wednesday, the market capitalization of Bitcoin briefly surpassed the total marketplace cap of the Swiss franc.

According to data from Fiatmarketcap, Bitcoin'southward market cap was more than $i.263 trillion when the cost of the crypto asset reached an all-time loftier of roughly $67,000 before on Wednesday. This briefly exceeded the value of the circulating supply of the Swiss franc at ane,158,489,000,000 CHF, or roughly $1.26 trillion. AssetDash besides lists the full Bitcoin (BTC) market cap within $500 billion of Amazon.

The price rise that led to Bitcoin flippening the franc in value came as crypto futures-linked exchange-traded funds, or ETFs, were existence approved for trading on major United states stock exchanges. The Bitcoin Strategy ETF from ProShares began trading on the New York Stock Substitution on Oct. nineteen equally the BTC rose higher up $63,000 for the first time in months.

In add-on, filings at the Securities and Exchange Commission suggest that similar shares of ETFs from crypto-asset manager Valkyrie and asset manager VanEck may soon appear on exchanges. The regulatory body has nonetheless to approve whatever BTC futures ETF application from Invesco, with Global X and Milky way Digital also pending the approval of funds with straight exposure to crypto.

Related: The great crypto flippening: Can Ethereum overtake Bitcoin?

Bitcoin's market cap was already worth more than than the total value of many fiat currencies. Virtually recently, it flippened the Russian ruble in February after car manufacturer Tesla announced it had purchased an aggregate of $1.5 billion in Bitcoin and suggested its clients would soon have the ability to purchase its products using the crypto asset. The Brazilian real, with a marketplace cap of more than than $one.5 trillion, would be next for Bitcoin to potentially overtake.

Though the price of Ether (ETH) also rallied to ascent above $iv,000 for the first fourth dimension since May, BTC remains the top-rated asset with a market capitalization that is $750 billion more than that of ETH. At the fourth dimension of publication, eighteen,849,193 BTC are currently in circulation.