BlackRock’s Spot ETF Drives Bitcoin Surge, Fueling Record Trading Volumes

A surge in Bitcoin prices is being fueled by the launch of BlackRock’s new spot ETF, with trading volume reaching a record high of $4.2 billion today. This activity coincides with a rise in investor interest for regulated financial products like spot ETFs. Institutional investors have been particularly active, driving substantial market movements and influencing both price action and trading volumes.