Could Bitcoin feel the BlackRock effect? – CryptoSlate

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The global crypto market cap is $1.21 trillion with a 24-hour volume of $28.77 billion. The price of Bitcoin is $30,222.55 and BTC market dominance is 48.6%. The price of Ethereum is $1,916.57 and ETH market dominance is 19.1%. The best performing cryptoasset sector is Sports, which gained 41%.
BlackRock, the world’s leading asset manager, shakes up the world of crypto with its recent application for a Bitcoin Exchange-Traded Fund (ETF), signaling a potential new era for Bitcoin investments and the broader digital assets landscape.
Cover art/illustration via CryptoSlate
In a significant development for the cryptocurrency industry, BlackRock, the world’s largest asset manager, has filed for a Bitcoin Exchange-Traded Fund (ETF). An ETF is a type of security that tracks an index, sector, commodity, or other asset, which can be purchased or sold on a stock exchange like a regular stock. A Bitcoin ETF, specifically, would track the price of Bitcoin, allowing investors to buy into the ETF without dealing with the complexities of owning Bitcoin itself.
BlackRock’s entry into the Bitcoin ETF space is a significant event. With over $8.5 trillion in assets under management, BlackRock’s influence on the financial markets is substantial.
In this report, CryptoSlate will dive deep into the performance of the assets BlackRock’s previous ETFs have tracked and compare them to the potential effect its Bitcoin ETF could have on the crypto market.
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Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

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This Market Report is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol.
đź‘‹ Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. CryptoSlate is a launch partner of Access Protocol and we are also invested in the project through a grant we received. For more information, see our terms page.
Connect a Solana self-custody wallet (Phantom, Solflare or Torus).
Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
Still confused and need more information? Learn more about CryptoSlate Alpha →
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Laurence Fink is the Chairman and CEO of BlackRock.
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
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