As bitcoin pushes 12% during Asia trading, there are parallels to the first Gold ETF and beyond, industry stakeholders and analysts said.

After briefly pushing past $35,000 towards the end of the U.S. trading day, before dropping back down, bitcoin (BTC) is continuing its march back towards $35,000, up 12% as Asia opens.CoinDesk Indicies data shows that bitcoin is now trading above $34,000, with the Bitcoin Trend Indicator showing a “significant uptrend” as the long-awaited bitcoin ETF inches closer to reality.