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The crypto market’s call for a spot Bitcoin ETF seems to only intensify with each passing day. Today’s spotlight is taken over by two prominent players in the Bitcoin spot ETF market, Blackrock and Grayscale. One has secured a win against the US Securities and Exchanges Commission , while the other seems to be preparing for the launch of a spot Bitcoin ETF in full scale.
With these latest developments, Bitcoin has seen a momentous rise in the market. The coin has gained over $3,000 in the last 24 hours, with its latest move seeing it breach the $34,000 level. According to CoinMarketCap, at press time, BTC was trading at $33,120.55 with a market cap of over $650 billion. The coin has witnessed a gain of over 5% in the past hour, while its past 24-hour gain stood at over 11%. Meanwhile, the seven-day chart showed a rise of over 16.60%.
Around 4:00 , the coin skyrocketed past the $34,000 level, hitting a high of 35,000 on Coinbase, before retracting and now settling around the $33,300 level.The investment management giant seems to be preparing for the launch of its spot Bitcoin ETF as it has officially gained a birth certificate. According to– the latest iShares amendments have two important changes.
The iShares Bitcoin Trust has been listed on the DTCC . And the ticker will bePriya is a freelance cryptocurrency writer at AMBCrypto. A student in business administration, Priya focuses on the latest developments in the cryptocurrency and blockchain technology space.
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