Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook

Hopes surrounding a potential Bitcoin ETF filing by investment giant blackrock spurred a slight change in market movements early Friday, fueling a bullish outlook among some traders. By shauryamalwa

“An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CoinDesk. “BlackRock’s increasing engagement shows Bitcoin continues to be an asset of interest for some of the world’s largest financial institutions.”

Dogecoin led gains among major tokens with a 4% move in the past 24 hours, with litecoin gaining 3.3%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVSN Flex Canvas Pants & Shorts, Ecotrek Trail Shorts — CleanTechnica Tested - CleanTechnicaA few weeks ago, LIVSN reached out to share a few new products for us to have a look at, and we gladly obliged.
Read more »

BlackRock Close to Filing for Bitcoin ETF Application: SourceSCOOP: Investment giant BlackRock is close to filling an application for a Bitcoin ETF, according to a source. IanAllison123 reports.
Read more »

BlackRock is close to filing for bitcoin ETF, CoinDesk reportsBlackRock is close to filing an application for a bitcoin ETF, CoinDesk reported, citing a source.
Read more »

BlackRock Bitcoin Bombshell: Leading ETF Expert Skeptical About RumorsBlackRock, the largest asset manager in the world with $10 trillion in assets under management, is rumored to be on the cusp of filing a Bitcoin ETF application
Read more »

Why BlackRock is reportedly close to applying for Bitcoin ETF, despite regulatory pressure on cryptoBlackRock, the world's largest asset manager, is reportedly close to filing an application for a bitcoin ETF, or exchange traded fund, according to a...
Read more »

BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodianThe firm filed an application with the Securities and Exchange Commission to launch the iShares Bitcoin Trust.
Read more »