BlackRock’s Spot ETF Boosts Bitcoin Prices to New Highs

BlackRock’s recently launched spot Bitcoin exchange-traded fund (ETFs) is driving significant growth in the cryptocurrency market. Today’s trading volume for BlackRock’s IBIT ETF reached an impressive $4.2 billion, coinciding with a sharp surge in Bitcoin prices to over $91,000. This remarkable increase suggests heightened interest from both individual and institutional investors, which is significantly influencing market dynamics.