- The investment giant has not abandoned plans to open a Bitcoin ETF
- He chose the top crypto exchange Coinbase as his partner
- Bitcoin and many altcoins reacted with active growth
Bitcoin rose above the important mark of $31,000. Now its rate is $31,253.31 (an increase of 1.5%). In moments, the price of the main cryptocurrency rose to $31,371. This is the highest level since June 2022.
The key growth driver was the actions of Blackrock. Yesterday, they re-applied to open a spot bitcoin ETF in the US, taking into account the recommendations of the regulator.
Recall that recently the SEC returned applications for bitcoin-ETF for revision, calling them incorrect. Blackrock’s retaliatory actions mean that they are not ready to abandon their plans to enter the cryptocurrency market.
In a new filing, the investing giant chooses Coinbase as its SSA (shared monitoring) partner. This comes against the backdrop of the SEC’s bias against the US stock exchange.
Earlier, the Chicago Board Options Exchange (CBOE) Chicago Board Options Exchange (CBOE) also listed Coinbase as its partner when applying for a bitcoin ETF.
Such news helped the shares of the crypto exchange grow by 8.5%. Now they are trading at $78.
Ethereum also showed growth on the back of institutional interest. It is ready to break through the $2,000 level (so far, the ETH rate is $1,964.76). Other TOP 10 largest altcoins are traded in different directions.
The total capitalization of the cryptocurrency market grew by 1.28% over the day to $1.22 trillion. Trading volume increased by $26.34% to 37.84 billion.