The value of bitcoin rose after BlackRock submitted a filing for an exchange-traded fund (ETF), which also boosted the broader cryptocurrency market, including ethereum, bitcoin, cardano, dogecoin, tron, solana, and polygon. This surge coincided with numerous optimistic predictions about crypto prices that could materialize quickly, as well as the recent crackdown of SEC on big crypto market names.
Furthermore, BlackRock’s substantial assets under management, nearing $10 trillion, may soon be accessible to the bitcoin and cryptocurrency market. In addition, a survey conducted by Laser Digital, a digital assets subsidiary of major banking giant Nomura, discovered that 96% of professional investors managing nearly $5 trillion expressed a strong interest in investing in cryptocurrencies.
