June 16 BTCUSD BingX Chart Analysis and Today's Headline
Yesterday's significant volume-driven rally has potentially reversed BTC's downtrend in the short term. From a 4-hour chart perspective, BTC exhibited a clear range-bound structure within the downward segment, likely concluding the expected upward move on the 4-hour timeframe. BTC has reached the anticipated level around $25,500, and it remains to be seen if it can break through this level. If BTC manages to surpass $25,500 and reach $26,000, there is a possibility of an overall upward trend. Today's focus lies on observing the outcome of BTC's key support level at $25,500.
Today’s Cryptocurrency Headline
BlackRock Has Filed for a Bitcoin Spot ETF
According to CoinDesk, iShares, a subsidiary of asset management giant BlackRock, has submitted a filing to the U.S. Securities and Exchange Commission (SEC) on Thursday to launch a Bitcoin spot ETF. The fund, named "iShares Bitcoin Trust," will primarily hold Bitcoin assets "represented by the custodian of the trust," identified as Coinbase, a prominent cryptocurrency exchange. While the SEC has approved Bitcoin futures ETFs from some firms, it has rejected all previous applications for Bitcoin spot ETFs from asset management companies, including Grayscale, VanEck, and WisdomTree.
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Today’s Cryptocurrency Headline
BlackRock Has Filed for a Bitcoin Spot ETF
According to CoinDesk, iShares, a subsidiary of asset management giant BlackRock, has submitted a filing to the U.S. Securities and Exchange Commission (SEC) on Thursday to launch a Bitcoin spot ETF. The fund, named "iShares Bitcoin Trust," will primarily hold Bitcoin assets "represented by the custodian of the trust," identified as Coinbase, a prominent cryptocurrency exchange. While the SEC has approved Bitcoin futures ETFs from some firms, it has rejected all previous applications for Bitcoin spot ETFs from asset management companies, including Grayscale, VanEck, and WisdomTree.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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