- The investment giant has not abandoned plans to launch a bitcoin-ETF
- It has chosen top cryptocurrency exchange Coinbase as its partner
- Bitcoin and many altcoins have responded with strong growth
Bitcoin surged above the important $31,000 mark. Its rate is now $31,253.31 (up 1.5%). 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 resubmitted an application to open a spot bitcoin-ETF in the U.S., taking into account the recommendations of the regulator.
We recall that the other day the SEC returned applications for bitcoin-ETFs for revision, calling them incorrect. Blackrock’s response means they are not ready to abandon their plans to enter the cryptocurrency market.
In a new bid, the investment giant selects Coinbase as its SSA (joint monitoring) partner. This comes amid SEC bias against the U.S. exchange.
The Chicago Board Options Exchange (CBOE) also previously listed Coinbase as its partner when it applied for the bitcoin ETF.</nbsp;
The news helped the crypto exchange’s shares gain 8.5%.. They are now trading at $78.
Ethereum also showed growth amid institutional interest. It is ready to break through the $2000 level (so far the rate of ETH is $1,964.76). Other top 10 altcoins are trading multidirectionally.
The total capitalization of the cryptocurrency market rose 1.28% to $1.22 trillion overnight. Trading volume increased by $26.34% to $37.84 billion.