ETH Merge Coming Sooner, BlackRock With First Direct BTC Investment Product: This Week's Crypto Recap

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From the Merge being scheduled for earlier than expected to BlackRock announcing its first direct BTC investment product, this is the last week's recap.

ETH Merge Coming Sooner, BlackRock With First Direct BTC Investment Product: This Week’s Crypto Recap

The past week was particularly eventful, and that’s reflected in the overall performance. The total cryptocurrency market capitalization is up almost $100 million as most of the coins are well in the green. Let’s unpack. The last move might have been propelled by an announcement that BlackRock – the world’s largest asset manager – is set to begin offering direct exposure to Bitcoin for institutional investors via a private BTC trust product. In any case, at the time of this writing, the price has withdrawn slightly below $24K.

 

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