Bitcoin

<ul><li>Crypto influencer Crypto Rover believes that the approval of BlackRock’s spot ETF is imminent.</li><li>The approval may trigger a Bitcoin rally pushing BTC’s price to as high as $200,000.</li><li>BlackRock currently boasts an ETF approval rate of 99.8% with only one rejection in history.</li></ul>Crypto Rover, an influencer popular among the online crypto community, recently projected a price target of $200,000 for BTC. According to the crypto expert, the flagship cryptocurrency could witness a rally of more than 600% if BlackRock’s Spot Bitcoin ETF gets approved by regulators in the United States.Crypto Rover recently took to X (formerly Twitter) to share his BTC projection:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ebf09a2dc79a4f6b9776acf172135f6b.png" />New York-based asset management giant BlackRock <a href="https://www.forbes.com/advisor/investing/cryptocurrency/spot-bitcoin-etf/#:~:text&#61;On%20June%2015%2C%20BlackRock%20filed,for%20a%20spot%20Bitcoin%20ETF." rel="noopener noreferrer nofollow">filed</a> a Spot Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) on June 15, 2023. BlackRock was joined by other leading traditional finance firms, including Vanguard and Fidelity, and crypto giant Grayscale Investments.However, the applicants faced considerable hurdles in getting their Spot BTC ETF approved by the SEC due to several <a href="https://www.bloomberg.com/news/articles/2023-06-30/sec-questions-fidelity-blackrock-on-spot-bitcoin-etf-filings" rel="noopener noreferrer nofollow">concerns</a> over market manipulation, investor protection, etc. Crypto Rover told his followers that the approval of BlackRock’s Spot ETF application was imminent, given that the TradFi giant had an ETF approval rate of 99.8%.Read full article at <a href="https://cryptotale.org/crypto-expert-blackrocks-spot-etf-approval-may-push-btc-to-200000/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Expert: BlackRock’s Spot ETF Approval May Push BTC To $200,000

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