BlackRock's filing for a spot bitcoin ETF could be a turning point to institutional acceptance, Ark Invest said.
for a spot bitcoin ETF earlier this month could be a"significant turning point in bitcoin's path to institutional acceptance," Ark Invest said in an emailed note on Monday.
"BlackRock’s decision to file for a Bitcoin ETF signals that large institutional players are positive on the long-term outlook for the digital asset," Ark analystBlackRock's June 15 filing has been followed by other asset managers looking to launch their own spot bitcoin funds including Invesco, WisdomTree and Valkyrie. Ark had previously filed for a similar fund on April 25 with 21 Shares.
The price of bitcoin has surged since the BlackRock filing, rising 15.3% over the past week. It's currently trading at $30,410, according to
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a yearThe oldest Bitcoin ETF in the US saw an uptick in weekly capital inflows as institutional investors seemingly had their interest revived by BlackRock’s application for a spot Bitcoin fund.
Read more »
ProShares' Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a YearProShares’ Bitcoin Strategy ETF (BITO) – a $BTC futures fund – last week recorded the highest weekly inflows in over a year. By shauryamalwa.
Read more »
GBTC's discount to NAV narrows as Bitcoin ETF race kicks offGBTC's discount to NAV has narrowed in the wake of a flurry of new Bitcoin ETF filings, suggesting increased investor confidence.
Read more »
Amazon to invest $100M in generative AI center: ReportAmazon's Generative AI Innovation Center will offer enterprise clients access to Amazon's AI and machine learning experts.
Read more »
Ryan Reynolds, Rob McElhenny And Michael B. Jordan Invest In Formula 1 Team AlpineWrexham FC owners Ryan Reynolds and Rob McElhenny and Creed actor Michael B. Jordan have invested in Formula 1 team Alpine. The trio are part of a collective of investors in the Renault-owned team,…
Read more »