Bitcoin nudges $25k as BlackRock launches Bitcoin fund

News that the world’s largest asset manager, BlackRock, has launched a BTC product propelled Bitcoin towards $25,000 on the Aug.11 Wall Street Open.

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spike to $24,921.

Other popular crypto industry figures also saw positive implications of the BlackRock move.

BlackRock’s offering would take the form of a spot Bitcoin private trust.

Earlier this month, BlackRock struck a partnership with U.S. exchange Coinbase.

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