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.”
The regulator has significantly increased its enforcement actions in the crypto sector under Gary Gensler's leadership, with many crackdowns on major crypto entities and influencers.
The regulator has significantly increased its enforcement actions in the crypto sector under Gary Gensler's leadership, with many crackdowns on major crypto entities and influencers.
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.”
Just $6.6 million worth of volume was seen across the first day of trading across nine different Ethereum ETF products, prompting some analysts to suggest investors “rotate back” into Bitcoin.
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.
