BlackRock's Bitcoin ETF Filing Boosts Cryptocurrency Market Despite Abra and Tether Controversies
TL;DR Summary
Cryptocurrency prices rose on Friday, with Bitcoin up 4% and Ether up 3%, as investors digested news that BlackRock, the world's largest asset manager, had filed for a spot Bitcoin ETF with Coinbase as its crypto custodian. If approved, the iShares Bitcoin Trust would become the first approved ETF in the US to track the price of Bitcoin. The filing comes a week after the SEC sued Coinbase for violating securities laws, leaving many questioning the timing of BlackRock's application.
- Cryptocurrencies climb to end the week as investors digest BlackRock's bitcoin ETF plans CNBC
- Bitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. Barron's
- Abra Insolvent for Months: Regulators; Tether's Banking Relationships Detailed in Legal Documents CoinDesk
- BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian CNBC
- Larry Fink once said clients had zero interest in crypto. Things have changed. MarketWatch
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