1 min
Bitcoin Dips, BlackRock's ETF nears market lead | Crypto Report Proactive - Interviews for investors
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- Investing
The Bitcoin market began the week on a positive note but experienced a decline early on Tuesday, with the BTC/USD pair dropping by 2% to approximately $61,650. ETC Group notes a lack of new positive catalysts for Bitcoin as the summer season approaches, which is generally quieter. However, there is growing interest in the exchange-traded fund (ETF) sector.
In particular, BlackRock's iShares Bitcoin ETF (IBIT) is nearing the size of the Grayscale Bitcoin Trust (GBTC), previously the leading Bitcoin fund in the market.
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The Bitcoin market began the week on a positive note but experienced a decline early on Tuesday, with the BTC/USD pair dropping by 2% to approximately $61,650. ETC Group notes a lack of new positive catalysts for Bitcoin as the summer season approaches, which is generally quieter. However, there is growing interest in the exchange-traded fund (ETF) sector.
In particular, BlackRock's iShares Bitcoin ETF (IBIT) is nearing the size of the Grayscale Bitcoin Trust (GBTC), previously the leading Bitcoin fund in the market.
#ProactiveInvestors #Bitcoin, #BTCUSD, #Ethereum, #Altcoins, #Cryptocurrency, #CryptoMarket, #BlackRock, #IBIT, #GBTC, #BitcoinETF, #ETCGroup, #Fidelity, #VanEck, #WisdomTree, #CryptoInvestment, #CryptoNews, #CryptoUpdate, #BitcoinDominance, #FinancialMarkets, #CryptoTrends #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
1 min