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Bitcoin Rallies 25% This Week as Institutional Interest Surges
Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in value, gaining nearly 25% in a single week. This sudden rally can be attributed to a renewed wave of institutional interest in the asset, as well as heightened regulatory scrutiny within the digital asset sector. In this article, we will delve into the recent developments that have sparked this surge and explore the implications for both investors and the cryptocurrency market as a whole.
BlackRock’s iShares Bitcoin Trust: A Game-Changer for Institutional Investors
Institutional investment giant BlackRock recently filed to launch the iShares Bitcoin Trust, an exchange-traded fund (ETF) designed to provide institutional investors with exposure to Bitcoin. This move is significant, as it demonstrates the growing acceptance of cryptocurrencies among traditional financial institutions. The iShares Bitcoin Trust would utilize Coinbase Custody as its custodian, further reinforcing Coinbase’s prominent position in the cryptocurrency ecosystem.
EDX Markets: A Gateway for Mainstream Adoption
EDX Markets, a cryptocurrency exchange backed by esteemed investment firms Charles Schwab, Fidelity, and Citadel…
