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BlackRock's ETF Filing Sends Bitcoin Above $30,000, Other Investment Firms Follow Suit

June 22 (Cointime) - Bitcoin experienced a surge above $30,000 on Wednesday following BlackRock's filing of paperwork for a cryptocurrency exchange traded fund (ETF) with the U.S. Securities and Exchange Commission.

The increase of approximately 10% in the past 24 hours was also driven by other investment firms such as WisdomTree and Valkyrie.

BlackRock's proposed ETF has Coinbase listed as its custodian on documents filed with the SEC, and the move has brought back bullishness into the crypto markets, according to Vijay Ayyar with Indian crypto exchange CoinDCX.

Despite negative news surrounding digital assets in recent months, the ETF announcements by larger institutions have had a positive impact.

Bitcoin Bitcoin $92,183.88
-5.5%
Bitcoin BlackRock Coinbase
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