Bitcoin

<h3 id="this-is-the-approximate-amount-of-assets-controlled-by-us-investment-firms-that-have-applied-to-launch-bitcoin-etf-funds">This is the approximate amount of assets controlled by US investment firms that have applied to launch Bitcoin-ETF funds</h3>The approval of applications to launch spot exchange-traded Bitcoin-ETF funds  in the U.S. will open the Bitcoin market to $30 trillion in capital, Bloomberg senior analyst Eric Balchunas told <a href="https://cointelegraph.com/news/blackrock-bitcoin-etf-could-unlock-30-trillion-worth-of-wealth-bloomberg-analyst-says" rel="noopener noreferrer nofollow">Cointelegraph</a>.This is the approximate amount of assets controlled by US investment firms. And which have filed applications to launch such products with the Securities and Exchange Commission (SEC). These include BlackRock, Fidelity, Invesco, Bitwise, ARK Invest, WisdomTree, 21Shares, VanEck and Valkyrie.Also according to Balchunas, older investors and financial advisors often place investments with ETFs. Exchange Traded Bitcoin funds will provide access to the cryptocurrency without having to buy it directly.The analyst believes that the participation of BlackRock, the world’s largest asset manager. Is enough to increase the chances of such products being approved from 1 percent to 50 percent.<a href="https://crypto-upvotes.com/the-number-of-cryptocurrency-developers-has-almost-doubled-in-three-years/" rel="noopener noreferrer nofollow">Our experts</a> note that cryptocurrency trading volumes rose in June for the first time in three months. The optimism of crypto traders is specifically due to BlackRock’s filing of an application to open a bitcoin exchange-traded fund (ETF). Also the total volume of spot and derivative trading on centralized exchanges increased by 14% to $2.71 trillion.

Bitcoin-ETF approval in the U.S. will open the market to $30 trillion

Table of Contents

Crypto Upvotes News

Other articles published on Jul 18, 2023

Shibarium Achieves Monumental Milestone Crossing 30M Transactions on Testnet

Celsius Bankruptcy Case: $24M from GK8 Sale to Be Utilized for Legal Fees

Reddit’s Moons and Bricks tokens skyrocket amidst terms of service change

Crypto Memes can be Considered Financial Promotions, Says UK Watchdog

Hooked Protocol Becomes One of the Leading DApps to Join opBNB, Aims to Achieve Massive Web3 Adop...

Chainlink’s Newly Launched CCIP Creates Bridge Between Cryptocurrencies and Traditional Markets, ...

Join our free newsletter for daily crypto updates!