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.