BlackRock, the largest asset manager globally, is making a significant impact on the cryptocurrency market by throwing its weight behind the introduction of a Bitcoin exchange-traded fund (ETF).
![The BlackRock New York Headquarters. PHOTO: Shutterstock](https://krugmaninsights.com/wp-content/uploads/2024/01/YgUj3FAo-ccb8ed70-d186-4c58-a15d-df6e1084bdd4-2048x1152-1-1024x576.webp)
This move has propelled the prices of Bitcoin and other major cryptocurrencies, such as Ethereum, XRP, and Solana, to new heights.
Bitcoin has emerged as one of the top-performing assets this year, with a remarkable 160% gain. This surge is largely due to the anticipation that BlackRock’s involvement will have a substantial