$BTC holdings of funds see a strong rise, but price pulls back. Bitcoin BlackRock
Almost a month ago, the largest fund management company, BlackRock, spearheaded by Larry Fink, announced that it had made a filing with the SEC to set up a spot Bitcoin ETF. Several large Wall Street companies followed suit. This and also the launch of the centralized exchange EDX by Fidelity and several other large financial companies pushed Bitcoin above the $31,000 level.
However, the regulator claimed that those filings were"inadequate," requiring more clarity about them. Three days ago, BlackRock refiled its application, naming Coinbase as a"surveillance-sharing" partner.Earlier this week, Larry Fink compared Bitcoin to digitized gold, stating that BTC can reform finance. However, by now, BTC has pulled back to the $30,280 zone.
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