← Go back Jun 06, 2023
Several cryptocurrencies and crypto stocks rose today after BlackRock (NYSE: BLK), the largest asset manager in the world, filed to launch a spot Bitcoin exchange-traded fund (ETF).Since late afternoon yesterday, the price of Bitcoin traded 4.5% higher as of 3:42 p.m. ET today. The price of the world's second-largest cryptocurrency, Ethereum, traded 3.9% higher, while shares of the Bitcoin miner Hut 8 Mining (NASDAQ: HUT) were up 14.5%.Bitcoin and other cryptocurrencies have struggled this week, dipping after the Federal Reserve indicated Wednesday that it thinks it will need to raise interest rates two more times this year.Continue reading
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