Bitcoin back near record highs

Houston’s pension fund for its firefighters said Thursday it bought $25 million worth of bitcoin and ether for its defined-benefit plan’s portfolio, the latest move by an institutional investor into digital assets.

The Wall Street Journal reported that this move comes as bitcoin powered back to a record above $66,000 earlier this week.

That followed Tuesday’s first U.S. bitcoin-focused exchange-traded fund launch, closely watched by investors as a remarkable development on Wall Street where finding a way to sell securities linked to bitcoin has been a priority for many investments firms.