Cryptoverse: Bitcoin bounces on BlackRock buzz

Published by
Reuters UK

By Lisa Pauline Mattackal and Medha Singh (Reuters) -What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest. The original crypto coin has leapt 20% to two-month highs at $30,182 over the past 11 days after BlackRock, the world’s largest asset manager, revealed hopes for a spot bitcoin exchange-traded fund (ETF) in the United States. BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission’s (SEC) past record of re…

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