BlackRock Follows Bitcoin ETF Applications Closely

It is expected that BlackRock will closely monitor the review process of various exchange-traded fund (ETF) proposals for a prominent Bitcoin ETF. According to Bloomberg Intelligence’s Eric Balchunas and James Seyffart, only one out of the 550 ETF applications made by BlackRock has been rejected. Current Situation in the Crypto Markets! While Bitcoin consolidates while waiting for its next catalyst, several altcoins are witnessing solid buying. This has brought Bitcoin’s market dominance below 50%, indicating a potential shift towards altcoins in the near term. Let’s examine the movements of the leading cryptocurrency in the next few days. Bitcoin closed above $31,000 on July 13, but it proved to be a bull trap as bears pulled the price below the level on July 14. This may indicate that bears strongly defended the range between $31,000 and $32,400. The price action of the past few days has formed a downward trend on […] The post BlackRock Follows Bitcoin ETF Applications Closely appeared first on COINTURK NEWS.