Bitcoin (BTC) rose almost 13% in June. Since January, its value has soared by more than 80%, as evidenced by data from the CoinGlass platform.
On the night of Wednesday, June 28, the BTC rate strengthened to $30,650. This week, the largest cryptocurrency is trading at its highest level since June 2022.
Bitcoin's appeal is enhanced by the willingness of US financial companies to release tools that track the cryptocurrency's performance.
Following the giant BlackRock, Fidelity Corporation also wants to release a spot Bitcoin ETF. The corresponding application will soon be sent for consideration to the US Securities and Exchange Commission (SEC), The Block reports, citing a source.
Darius Tabatabai, co-founder of the decentralized exchange Vertex Protocol, told Bloomberg that the launch of spot ETFs will create conditions for the massive entry of large capital into the cryptosphere.
The founder of the hedge fund ANB Investments, Jaime Baeza, shares the same point of view.
He noted:
Despite regulatory concerns in the US, the moves by BlackRock and Fidelity confirm growing institutional interest in digital assets.
