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BlackRock Takes Another Step Forward for Ethereum Spot ETFs

BlackRock Takes Another Step Forward for Ethereum Spot ETFs

BitcoinsistemiBitcoinsistemi2024/08/06 20:51
By:Mete Demiralp

BlackRock, the world's largest asset manager, has filed for options for Spot Ethereum ETFs.

Bitcoin lost more than 17% in value as Monday's market turmoil led to $1 billion in liquidations.

However, a recovery was observed in the market today and the Bitcoin price, which dropped to $ 49,000, is trading at $ 56,600 at the time of writing this article. However, that figure remains well off the all-time high of around $74,000.

Cryptocurrency analysts expect volatility to be high in the coming period due to geopolitical risks and turmoil in the US economy.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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