Bitcoin

<h3 id="cryptocurrency-trading-volumes-rose-in-june-for-the-first-time-in-three-months">Cryptocurrency trading volumes rose in June for the first time in three months.</h3>The optimism of cryptocurrency traders is linked to an application by management company BlackRock to open a Bitcoin Exchange Traded Fund (<a href="https://www.coindesk.com/markets/2023/07/05/crypto-trading-volumes-rise-for-first-time-in-3-months-amid-etf-optimism/?" rel="noopener noreferrer nofollow">ETF</a>).Total spot and derivatives trading on centralised exchanges rose 14% to $2.71 trillion.Increased volatility following the SEC lawsuit against Binance US and Coinbase. As well as a positive market outlook following bids for spot bitcoin ETFs by companies such as BlackRock and Fidelity contributed to increased trading activity last month.Cryptocurrency spot trading volumes remain at historically low levels. The second quarter was the lowest since the fourth quarter of 2019.One of the world’s largest investment firms, BlackRock, is set to launch an exchange traded fund (ETF) for Bitcoin. This is an important step for the market due to BlackRock’s reach. And also because the fund will allow investors to buy bitcoin as ETF shares from a regular brokerage account.In an application filed with the US Securities and Exchange Commission (SEC). The company is asking to be allowed to trade the cryptocurrency through the iShares Bitcoin Trust vehicle. It will be a spot fund, meaning that when its shares are purchased, there will be an actual purchase of coins in the market. It will also make it easier for institutional investors, including pension funds, to own cryptocurrency. <a href="https://crypto-upvotes.com/about-us/" rel="noopener noreferrer nofollow">Our experts</a> note that as of the end of March, BlackRock had more than $9 trillion under management.

Cryptocurrency trading volumes rise amid optimism over ETF

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