If approved, the ETF could begin trading as early as September. While regulatory approval is not guaranteed, the filing signals growing institutional comfort in blending traditional stocks and cryptocurrencies in a regulated wrapper.
These filings follow the recent debut of BlackRock’s Income ETF, which allows financial institutions to monetize the volatility of cryptocurrencies. The 11 U.S. Spot Bitcoin ETFs have attracted more than $53 billion in investor funds since their inception in 2024, according to SoSoValue data.
Taken together, these trends demonstrate continued institutional investor appetite for Bitcoin despite the bear market. of $BTC Its price peaked last October at $126,000 and has recently been trading below $62,500.
Prices have fallen by more than 2% in the past 24 hours.
“There is still hope for the bulls, as the price will need to settle below the historical low around $61,500 for the trend to officially break,” Alex Kupczykevich, chief market analyst at FxPPro, said in an email. “Even in this scenario, the price decline could stall in the $59,000-$60,000 range, which corresponds to the most important support level this year.”
The U.S. market will be closed on Friday for Juneteenth, which could lead to thin liquidity and volatile price movements. Be alert!
More information: For an analysis of today’s activity in altcoins and derivatives, see Today’s Crypto Market. For a comprehensive list of this week’s events, see CoinDesk’s “Crypto Week Ahead.”
