BlackRock Eyes Bitcoin ETF Application: A Turning Point for Crypto Market

The leading cryptocurrency Bitcoin experienced an unforeseen steep drop, rattling the entire crypto sector. The BTC price lost 4% of its value within 24 hours, falling below even $25,000. However, it appears that the positive news keeping BTC afloat is not about to decrease, with a new development coming from BlackRock, the world’s largest asset management firm. BlackRock Could Apply for a Bitcoin ETF Known as a company managing over $10 trillion in assets as of January 2022, BlackRock’s worth exceeds ten times the total value of the crypto market. It now appears that BlackRock is preparing to roll up its sleeves for a Bitcoin ETF. According to information provided by sources closely associated with the matter, BlackRock is expected to apply for a Bitcoin ETF soon. It’s suggested that the firm will employ the Coinbase Custody platform for BTC custodial services in this respect. With a focus on using […] The post BlackRock Eyes Bitcoin ETF Application: A Turning Point for Crypto Market appeared first on COINTURK NEWS.