Bitcoin extends the dynamic upward rally initiated by the launch of exchange-traded funds (ETFs) on Bitcoin and the involvement of major players from the traditional financial sector. Market sentiment has been boosted by the launch of EDX Markets, a digital asset exchange backed by Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. In addition, BlackRock and WisdomTree have applied to launch US Bitcoin-based ETFs, signalling institutional demand and market openness.
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Source: xStation 5
Source: xStation 5
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