Crypto Market Buzz: BlackRock and Fidelity's Seismic Moves Boost Bitcoin Trust.
TL;DR Summary
Grayscale's Bitcoin Trust (GBTC) saw a 12% jump in share prices after BlackRock, a $9.5 trillion asset manager, applied for a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Grayscale has been filing for a spot Bitcoin ETF for years, but has been repeatedly turned down by regulators. BlackRock's move has injected a breath of fresh air into GBTC, despite the SEC's "anti-crypto" stance.
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