According to Bloomberg, BlackRock has signs that spot Bitcoin ETFs may soon be approved.Bitcoin (BTC) hit an annual high of over $34000 on Monday, and US investors continue to be excited about the imminent approval of spot Bitcoin ETFs
According to Bloomberg, BlackRock has signs that spot Bitcoin ETFs may soon be approved.
Bitcoin (BTC) hit an annual high of over $34000 on Monday, and US investors continue to be excited about the imminent approval of spot Bitcoin ETFs.
As of the time of writing, the return on this asset has triggered a liquidation of $327 million in the entire cryptocurrency market over the past 24 hours.
- According to TradeView data, the trading price of Bitcoin was $31629 at 22:00 UTC on Monday, and then soared to $34140 in the next 40 minutes.
- The current trading price of Bitcoin is $33219, still higher than the annual high of $31400 for the asset on July 13th before this week. At that time, the cryptocurrency market was excited by Ripple's victory in a lawsuit against the US Securities and Exchange Commission, and briefly rose (US Securities and Exchange Commission).
- According to CoinGlass, over 81000 cryptocurrency traders have been liquidated in the past day. The largest single settlement occurred on Coin An, with a BTC/USDT transaction amount of 9.98 million US dollars.
- On Monday, the appellate court officially ordered the SEC to review Grayscale's spot Bitcoin ETF application, and many people suspected that the institution had no choice but to accept it now.
- In addition, BlackRock's proposed ETF, iShares Bitcoin Trust, is listed on the Depository Trust&Clearing Corporation in the United States, which is responsible for clearing transactions on NASDAQ under the stock code iBTC.
- Bloomberg ETF analyst Eric Balchunas stated on Twitter that such listings are "part of the ETF listing process".
- BlackRock's actions are typical for ETFs expected to be launched in about a week, "he added," but most of the other information I have heard indicates that it will take a month or two
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