This week has seen many TradFi institutions rushing to apply for spot Bitcoin Exchange-Traded Funds, which in turn helped push the crypto past the $30,000 mark, despite the regulatory challenges standing in its way, courtesy of the SEC. Let’s find out more. 

Bitcoin

Global investment firm BlackRock’s recent filing for a spot Bitcoin ETF has reignited optimism in the industry and spurred a flurry of similar filings from firms like WisdomTree and Invesco. 

There has been news of even Fidelity Investments applying for a spot Bitcoin ETF. 

The US SEC has approved the first leveraged Bitcoin futures ETF – the Volatility Shares 2x Bitcoin Strategy ETF, which will launch on the Chicago Board Options BZX on Tuesday, June 27.

A recent IMF post was extremely favorable towards countries in Latin America and the Caribbean using central bank digital currencies while denigrating El Salvador’s adoption of Bitcoin.

MicroStrategy has turned a profit on its significant Bitcoin investment as the premier cryptocurrency soars the charts. 

Bitcoin really motored both Tuesday and Wednesday, putting on as much as 14.6% in the process.

Experts are talking about whether Bitcoin’s latest surge is just a last fling before sinking lower or does it have the legs to rally to $45,000. 

Crypto fund manager Go to Source to See Full Article
Author: Amara Khatri

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details