Bitcoin's recent price surge, nearing $30,000, has been attributed to significant developments in the cryptocurrency sector. Notably, BlackRock's involvement has generated substantial interest. The CEO of Galaxy has confidently stated that the approval of a Bitcoin ETF by BlackRock is not a question of "if," but rather "when." This assertion is supported by insights obtained from the BlackRock team. Such news likely sparked a positive response among crypto investors, leading to Bitcoin's price jump from $29,104 to $29,900. Additionally, prominent firms like Fidelity have also applied for and are poised to secure approval for a Bitcoin ETF.

$BTC #bitcoin