Date: 2023-10-24T19:18:54Z Creator: Bitfolio Academy
BlackRock, the undisputed titan, has enticed us with an S1 filing, revealing that they have embarked on a thrilling Bitcoin shopping spree to seed their new Bitcoin spot ETF. The SEC’s nod for the ETF is looming. But, BlackRock has already published the symbol ‘IBTC’ for the all-new I-shares Bitcoin ETF.
In the wake of this news, Bitcoin, the undisputed king of crypto, gloriously soared to a 17-month high yesterday, smashing the $35,000 barrier. The rest of the crypto realm rallied in its wake, with a jaw-dropping addition of $200 billion in the last week.
Within a whirlwind week, BTC has catapulted up by 21%, Ether has surged by an astounding 16%, and Solana outpaced them all to rise by a whopping 31%!
Meanwhile, when Larry Fink, the mastermind CEO of BlackRock, was probed about the projected value of Bitcoin, he shot back with an answer that could only be termed as profound – he said, “What is the value of human freedom?”
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