Effect of BlackRock ETF Application... Bitcoin Surpasses '30,000 Dollars' in Two Months

The leading cryptocurrency Bitcoin has surpassed $30,000 for the first time in two months. Expectations for digital assets have grown as the world's largest asset management firm BlackRock has filed for a Bitcoin exchange-traded fund (ETF) launch.

As of 6:20 a.m. on the 22nd, the price of one Bitcoin surged 6.57% compared to 24 hours earlier, trading at $30,011. Considering that it was hovering around $25,000 as recently as the 14th, this represents a 20% increase in just one week.

This is the first time Bitcoin has surpassed $30,000 since April. At that time, following the collapse of Silicon Valley Bank (SVB), digital assets emerged as an alternative to traditional currencies, driving Bitcoin prices up to $31,000.

The rise in Bitcoin prices is attributed to expectations surrounding BlackRock's Bitcoin spot ETF listing. Previously, on the 15th, BlackRock applied to the U.S. Securities and Exchange Commission (SEC) to list the 'iShares Bitcoin Trust,' a Bitcoin spot ETF.

Following BlackRock, other major asset management firms have also filed applications for Bitcoin spot ETFs, fueling Bitcoin's rise. On the 20th, asset managers WisdomTree and Invesco also applied to the SEC for Bitcoin spot ETF listings. It is reported that other firms are also considering filing applications.

Additionally, the cryptocurrency exchange EDX, jointly established by six Wall Street financial firms including Citadel Securities and Fidelity Investments, began trading Bitcoin and Ethereum on the 20th, which has also acted as a positive factor.

This content was produced with the assistance of AI translation services.