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BlackRock's Bitcoin ETF Filing Sparks Bullish Outlook and $16M Loss for Shorts.

1 min read
Source: CoinDesk
BlackRock's Bitcoin ETF Filing Sparks Bullish Outlook and $16M Loss for Shorts.
Photo: CoinDesk
TL;DR

BlackRock's filing for a Bitcoin ETF with Coinbase as custodian has sparked a bullish outlook among traders, causing Bitcoin to regain the $25,500 level and leading to over $16 million in short liquidations in the past 24 hours. The SEC has previously rejected other attempts at listing a spot Bitcoin ETF, but the stature of BlackRock could make it difficult for the SEC to reject this application, which could fuel an outsized Bitcoin rally if approved.

Topics:businesscryptocurrency#bitcoin#blackrock#cryptocurrency#etf#market-movement#sec
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  1. Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook  CoinDesk
  2. BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian  CNBC
  3. BlackRock reportedly close to filing Bitcoin ETF application  CNBC Television
  4. BlackRock Close to Filing for Bitcoin ETF Application: Source  CoinDesk
  5. BlackRock applies for spot Bitcoin ETF — a US first if approved  Cointelegraph

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