The global financial landscape is presently undergoing a remarkable transformation, marked by the entry of prominent institutional investors into the realm of cryptocurrencies.
In a recent and highly notable development, BlackRock (NYSE: BLK), the world’s largest asset manager, has taken a significant step forward by formally submitting an application for a Bitcoin exchange-traded fund (ETF).
Moreover, the keen attention of astute market observers has been drawn to various notable developments, including Invesco’s application for a Bitcoin ETF, the strategic maneuvers executed by WisdomTree in its Bitcoin ETF filing, and Deutsche Bank’s recent filing for a crypto custody license.
Moreover, it is particularly noteworthy to mention that these recent advancements have translated into a substantial influx of capital into the crypto market. As of June 21, 2023, an impressive $120 billion has flowed into the cryptocurrency market within the span of just one week.
Crypto market
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