BlackRock’s Bitcoin ETF Application: A Boon for the Crypto World

Renowned billionaire and prominent figure in crypto, Mike Novogratz, is thrilled with recent developments, but why? Bitcoin price started above $26,300 on Saturday, June 17th. The price rose over a thousand dollars in the last 24 hours, and there’s a single reason behind it. It is the explicit desire of the world’s largest asset manager to venture into cryptocurrencies. Cryptocurrencies Could Soar Billionaire Mike Novogratz says BlackRock’s application for a Bitcoin (BTC) exchange-traded fund (ETF) could be the best thing to happen to the crypto king. In a new interview with The Claman Countdown, the Galaxy Digital CEO hopes for BlackRock’s success because it could attract more investors to the sector. All spot Bitcoin ETF applications submitted to the U.S. Securities and Exchange Commission so far have been rejected. SEC must respond to BlackRock within 240 days. The application that followed two lawsuits filed against major exchanges seems like a […] The post BlackRock’s Bitcoin ETF Application: A Boon for the Crypto World appeared first on COINTURK NEWS.