The cryptocurrency’s rally comes as several TradFi giants including BlackRock, Invesco and WisdomTree filed for spot bitcoin ETF applications. Meanwhile, EDX crypto exchange, which is backed by major TradFi players, also launched on Tuesday. The exchange is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities and will offer four tokens in the U.S., including bitcoin, ether, bitcoin cash and litecoin. Bitcoin cash (BHC) has also rallied following the news, gaining 25% on the day.
Related posts
-
9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop
While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days... -
MultiversX (EGLD) leads crypto gainers amid key wallet integration
MultiverseX (EGLD) is the top gaining cryptocurrency among top 100 coins by market in the past... -
German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on...