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BlackRock’s spot Bitcoin (BTC) ETF filing pumped BTC price by 22%. - 2
With SEC’s approval, BTC ETF would provide indirect exposure without buying BTC.
With BlackRock, Valkyrie Investment, and WisdomTree filing for the Bitcoin ETF, BTC price rallied nearly 22%. Can this frenzy last? Can BTC rally? The United States Securities and Exchange Commission (SEC) is addressing multiple ETF requests. With BlackRock being the world’s biggest asset manager, their application indicates that the SEC might be ready to approve after years of denial.
Bitcoin ETF Mania – Current Scenario & Aftereffects
Grayscale has been trying to convert its Grayscale …
Source: https://www.thecoinrepublic.com/2023/06/25/bitcoin-etf-frenzy-is-it-a-good-or-bad-omen-for-crypto/