BlackRocks BTC Spot ETF Application Sparks $1.4 Billion Crypto Surge

By Lola Coin Jun 26, 202367Views

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Last week, there was a notable shift in the cryptocurrency market as investors became more optimistic about regulations. This change in sentiment was largely driven by the potential of a Bitcoin spot ETF. BlackRock, the world’s largest asset manager, played a significant role in this shift, as they have a track record of approving ETF applications. Additionally, a significant amount of Bitcoin and Ethereum was withdrawn from centralized exchanges, which was seen as a noteworthy development. The announcement of a BTC spot ETF application by BlackRock had a positive impact on the entire cryptocurrency market, leading to increased buying activity and a more optimistic outlook.

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