After Cointelegraph posted on X to say that the BlackRock spot bitcoin ETF had been approved by the SEC, BTC price jumped by 7% before falling back to its original level. BlackRock’s CEO said this demonstrated the “pent-up interest in crypto.”
Optimism must be in the air, as investment firms WisdomTree and Invesco have both filed spot bitcoin ETF applications with the SEC, within a week of that by BlackRock.
After Cointelegraph posted on X to say that the BlackRock spot bitcoin ETF had been approved by the SEC, BTC price jumped by 7% before falling back to its original level. BlackRock’s CEO said this demonstrated the “pent-up interest in crypto.”
Optimism must be in the air, as investment firms WisdomTree and Invesco have both filed spot bitcoin ETF applications with the SEC, within a week of that by BlackRock.
The investment giant submitted the paperwork late last week through its iShares unit, with custody to be provided by Coinbase and price data coming from CF Benchmarks.
At the end of May, when everyone was watching the U.S. debt ceiling drama, Blackrock, the manager of Circle stablecoin reserves, precautiously moved the holdings from T-bills to commercial banks. Now that the storm alert has passed, T-bills have started to appear on the balance sheets again.
BlackRock, the world's largest asset manager based in the US, launched an exchange traded fund iShares Blockchain Technology UCITS for EU customers.
BlackRock was founded in 1988 and has grown to $82 billion market capitalization. The company was widely criticized for its close relations with the Fed during
