BTC Holdings of Funds See Strong Uptick Thanks to BlackRock

Almost a month ago, the largest fund management company, BlackRock, spearheaded by Larry Fink, announced that it had made a filing with the SEC to set up a spot Bitcoin ETF. Several large Wall Street companies followed suit. This and also the launch of the centralized exchange EDX by Fidelity and several other large financial companies pushed Bitcoin above the $31,000 level.

However, the regulator claimed that those filings were"inadequate," requiring more clarity about them. Three days ago, BlackRock refiled its application, naming Coinbase as a"surveillance-sharing" partner.Earlier this week, Larry Fink compared Bitcoin to digitized gold, stating that BTC can reform finance. However, by now, BTC has pulled back to the $30,280 zone.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Price analysis 7/5: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOTBitcoin and select altcoins have turned down from their respective overhead resistance levels, indicating a range-bound action in the short term.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin hits new yearly highs as BTC price rebounds to $31.5KBTC suddenly produces new yearly highs after a $30,000 bounce.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin (BTC) Price Soars to 13-Month High: Possible ReasonsEarlier today, Bitcoin managed to regain $31,400 level in light of recent news
Source: Utoday_en - 🏆 295. / 63 Read more »

BTC/USD Forex Signal: Bitcoin Price Multi-Timeframe AnalysisBitcoin remained above $30,000 in the overnight session as the recent consolidation continued.
Source: Daily_Forex - 🏆 567. / 51 Read more »