BlackRock's Bitcoin ETF Filing Sparks Bullish Outlook and $16M Loss for Shorts.
TL;DR Summary
BlackRock's filing for a Bitcoin ETF with Coinbase as custodian has sparked a bullish outlook among traders, causing Bitcoin to regain the $25,500 level and leading to over $16 million in short liquidations in the past 24 hours. The SEC has previously rejected other attempts at listing a spot Bitcoin ETF, but the stature of BlackRock could make it difficult for the SEC to reject this application, which could fuel an outsized Bitcoin rally if approved.
- Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook CoinDesk
- BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian CNBC
- BlackRock reportedly close to filing Bitcoin ETF application CNBC Television
- BlackRock Close to Filing for Bitcoin ETF Application: Source CoinDesk
- BlackRock applies for spot Bitcoin ETF — a US first if approved Cointelegraph
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