Hi HODLers, Hiveans and Lions,
BlackRock's bitcoin ETF filing has highlighted that institutional interest in bitcoin remains steadfast, despite the sell-off and bankruptcies we've seen earlier this year and in late 2022. It also comes at a time when all the crypto native players are being pushed offshore or simply banned in the US. Coinbase, Binance, etc...
The bitcoin ETF filings as well as the launch of a new institutionally backed crypto exchange called EDX have helped push the price of Bitcoin and Ethereum higher!
Bitcoin Price reaction
Yesterday, EDX Markets (EDX), an exchange backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, was launched in the U.S. They have been working and building out its technology for the past nine months!
More information about EDX in this article
Let's just hope that they do not destroy Bitcoin and Crypto cultures and goals...
Stay safe out there!
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