Bitcoin climbs as BlackRock files for ETF backed by the cryptocurrency

Bitcoin rises after BlackRock, the world’s largest asset manager, files an application for an exchange-traded fund backed by the cryptocurrency.

Bitcoin rose Thursday afternoon as BlackRock, the world’s largest asset manager, filed an application for an exchange-traded fund backed by the cryptocurrency.

... Bitcoin rose Thursday afternoon as BlackRock, the world’s largest asset manager, filed an application for an exchange-traded fund backed by the cryptocurrency. BlackRock BLK ’s filing comes as U.S. regulators are increasing their oversight of the crypto industry. The SEC recently sued both crypto exchanges Binance and Coinbase.

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