BlackRock and Fidelity are maintaining their investments in Bitcoin ETFs, IBIT and FBTC, despite ongoing price fluctuations. This move underscores their commitment to integrating Bitcoin into traditional finance. Meanwhile, JPMorgan has classified Bitcoin as a macro financial instrument, akin to bonds or foreign exchange, highlighting its growing acceptance in mainstream financial markets.
In a related development, Russia is easing its cryptocurrency regulations by replacing strict investor qualification requirements with experience-based tiered rules. This change aims to increase cryptocurrency adoption in the country. Additionally, Ethereum has stabilized above $2,900, and the broader cryptocurrency market, excluding Bitcoin and Ethereum, is showing early signs of an upward trend.
BlackRock and Fidelity Persist with Bitcoin ETFs Amid Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
