Bitcoin Set for Best Week Since March Fueled by Speculation Over ETFs
- BlackRock is among firms seeking to start US spot Bitcoin ETF
- Crypto proponents say traditional firms see future for market
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Bitcoin is heading for one of its strongest weeks of the year, buoyed by speculation that proposed exchange-traded funds potentially herald new sources of demand for the largest digital asset.
The token edged below $30,000 as of 10:05 a.m. Friday in Singapore, leaving it on course for a 13% weekly gain, the most for such a timespan since March. Smaller coins like XRP, Cardano and Solana dipped on the day.