Let's talk about the latest round of excitement in the cryptocurrency market

While commenting on the positive outlook every time the market reacts positively in an upward trend, detracting comments are generated and somehow create a lot of tension, however, the most recent round of enthusiasm in the cryptocurrency market reveals that the situation is really optimistic.

For example, recently there was a positive scenario for the cryptocurrency market I am referring to the announcement that was made around produced when the BlackRock listed bitcoin exchange-traded fund appeared on a list controlled by Depository Trust and Clearing Corp.

In this regard, and in correspondence to information disclosed by David Goldman who is part of the CNN news channel, "BlackRock applied in June to register a bitcoin spot ETF, which is pending approval. The firm is the world's largest ETF provider and manages trillions of dollars in assets. A BlackRock bitcoin ETF would give the cryptocurrency a new sense of legitimacy."

So, "This DTCC listing does not mean that the fund has actually been launched or that this will inevitably happen," said Samer Hasn, market analyst at online brokerage XS.com. "However, they may appear as part of BlackRock's preparations to launch the ETF soon."

In the same vein, "Although the U.S. Securities and Exchange Commission (SEC) ruled against the Grayscale ETF, in August a three-judge panel of the Washington Court of Appeals overturned the regulator's decision. The panel said the regulator had failed to adequately explain why it rejected the company's application."

I would like to know your appreciation on this.

Cnnespanol. Why is bitcoin rising again?. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Forbes