BlackRock’s Bitcoin ETF Nears 200K BTC, Passing Michael Saylor’s MicroStrategy

Bianca Echa

BlackRock’s Bitcoin ETF Nears 200K BTC, Passing Michael Saylor’s MicroStrategy

Massive demand for the new spot ETFs is the key reason for bitcoin’s more than 60% price surge this year. The cryptocurrency topped $70,000 for the first time ever Friday morning, eventually reaching a fresh all-time high of $70,136, according to data from CoinDesk Indices. At press time, bitcoin was trading at just under the $70,000 mark.

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