BlackRock, Grayscale bitcoin ETFs fail to spark a bitcoin moonshot

Bitcoin (BTC) suffered further selling pressure after the long-awaited approval in the US of spot-bitcoin exchange-traded funds (ETFs) led to a ‘sell-the-news’ situation for the world’s largest cryptocurrency. Following a surprising high-single-digit dip on Friday, a day after the likes of BlackRock Inc (NYSE:BLK), Grayscale and Cathie Wood’s Ark Invest secured permission to list the bitcoin-tracking ETFs on the stock market, the BTC/USD pair traded flat on Saturday before running 2.6% lower on Sunday. Bitc ...