BusinessPostCorner.com
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Bitcoin and Cryptos Rally, Unfazed by BlackRock ETF Worries

July 4, 2023
in Crypto News
Reading Time: 2 mins read
A A
0
Bitcoin and Cryptos Rally, Unfazed by BlackRock ETF Worries
ShareShareShareShareShare
Source: Adobe

Bitcoin (BTC) and the broader crypto market held on to their recent gains on Tuesday, with Bitcoin appearing to hold support above the $31,000 level.

As of Tuesday at press time, BTC traded just north of $31,000, up 1.2% for the past 24 hours, while Ethereum’s native ETH token was more or less unchanged over the same period, trading at $1,960.

Most other major coins were also little changed for the past 24 hours, holding on to their gains from late June.

Bitcoin price since May. Source: TradingView

On a 7-day basis, the best performer among the top 100 cryptoassets by market capitalization was decentralized finance (DeFi) protocol Compound’s COMP token, which rose close to 58%.

The token was followed by MakerDAO’s governance token MKR, which gained 49% over the same time period.

Confusion around BlackRock’s ETF filing

The strong performance by major cryptoassets in recent days has come despite concerns and speculation surrounding asset management giant BlackRock’s filing for a spot Bitcoin exchange-traded fund (ETF).

Initially, the concerns were focused on a Wall Street Journal article that claimed staffers at the Securities and Exchange Commission (SEC) had said the filings were not “clear and comprehensive” enough.

Then, the various ETF issuers that had applied to list a spot Bitcoin ETF, including Fidelity, WisdomTree, VanEck and Invesco, all re-submitted their applications with updated information about the crypto exchange they would work with, as requested by the SEC.

All of the ETF providers named Coinbase as the exchange they would work with.

What concerned the market later was why BlackRock re-submitted its filing so much later than all the other applicants, leading some to speculate that the firm had lost interest in a Bitcoin ETF.

However, things turned out not to be as bad as some had assumed, with information later surfacing that BlackRock had indeed re-filed on June 29 but Nasdaq had not updated its website to reflect that.

“They just added Coinbase like everyone else,” Bloomberg’s Balchunas pointed out was the only thing that stood out about the re-filing.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Taxes, Tea And Why We Celebrate American Independence Day On July 4

Next Post

Nigel Farage downgraded from Coutts to NatWest

Next Post
Nigel Farage downgraded from Coutts to NatWest

Nigel Farage downgraded from Coutts to NatWest

Russia’s record air attack on Ukraine dashes hopes for ceasefire

Russia’s record air attack on Ukraine dashes hopes for ceasefire

May 25, 2025
Robinhood’s Vlad Tenev Compares Future AI Companies to Bitcoin’s One-Man Start

Robinhood’s Vlad Tenev Compares Future AI Companies to Bitcoin’s One-Man Start

May 28, 2025
The start-ups working on cheap innovation

The start-ups working on cheap innovation

May 26, 2025
Nvidia weathers tariff uncertainty as revenues surge

Nvidia weathers tariff uncertainty as revenues surge

May 28, 2025
Universal school uniform grant to help thousands in Tower Hamlets

Universal school uniform grant to help thousands in Tower Hamlets

May 26, 2025
Counties with highest capital gains per 2025 study

Counties with highest capital gains per 2025 study

May 29, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

How Iran is preparing for Israeli or US strikes

How Iran is preparing for Israeli or US strikes

June 1, 2025
Tough choices unavoidable, says IFS

Tough choices unavoidable, says IFS

May 31, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!