A big a part of the current leg of Bitcoin’s rally began after BlackRock (NYSE:) filed to listing a spot exchange-traded fund (ETF) on June 15. A number of purposes by different corporations have been rejected by the US Securities and Alternate Fee prior to now. Nevertheless, BlackRock’s submitting has a 50% risk of getting permitted, mentioned Bloomberg senior ETF analyst Eric Balchunas.
One other bullish catalyst for the cryptocurrency markets might be a submitting by asset supervisor Constancy Investments to launch its Bitcoin (BTC) spot ETF. CoinShares chief technique officer Meltem Demirors mentioned that corporations managing $27 trillion of belongings are “actively” pursuing efforts to permit their purchasers publicity within the crypto area.
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