June 20 (Cointime) - The share price of Grayscale Bitcoin Trust (GBTC) rose above $16 for the first time since May 10, as investors became optimistic about the fund being converted into an exchange-traded fund (ETF) after BlackRock filed for a spot bitcoin ETF.

June 20 (Cointime) - After hitting a three-month low last week, Bitcoin's price has risen by 1.6% in the last 24 hours to currently sit at $26,795. The filing by BlackRock, the world's largest asset manager, for a Bitcoin Spot ETF in the US has caused bullish sentiment to return to the market.

June 20 (Cointime) - Bitcoin whales, or wallets holding between 1,000 and 10,000 BTC, have accumulated a total of $3.5 billion worth of the cryptocurrency since early April, according to market intelligence platform Santiment. This accumulation comes amidst recent price declines and is seen as a positive sign as these investors tend to have a long-term perspective.

June 20 (Cointime) - Bitcoin's price has continued to recover steadily, reaching $27,200 for the first time since June 7 despite negative market sentiments. The cryptocurrency is currently trading at $26,938, with a 2% increase in 24 hours. If the bullish outlook stays grounded, Bitcoin's price could push beyond $28,000, bringing the psychological $30,000 hurdle within reach.

June 20 (Cointime) - Investors withdrew $5.1 million from digital asset funds last week, marking the ninth consecutive week of outflows. However, this amount is significantly less than the $88 million withdrawn the previous week, which was attributed to high-profile SEC lawsuits against Coinbase and Binance. The outflows were partially offset by investors buying the dip on altcoins such as XRP, Cardano, and Polygon. BlackRock's Bitcoin exchange-traded product (ETP) bid helped to stem the bearish streak of outflows, with $5 million in inflows on the day of the announcement.

June 19 (Cointime) - The past week has been significant for the Bitcoin and crypto markets, with the US Federal Reserve's interest rate decision and BlackRock's application for a Bitcoin spot ETF.

June 19 (Cointime) - According to data from Glassnode, Bitcoin miners have transferred more BTC to exchanges in the past week than at any point in the past five years. Despite this, miners are still holding 1.829 million BTC, worth around $49 billion. Some market analysts believe that the miners' transactions indicate their confidence in Bitcoin's future prices, while others suggest that the flow of funds to exchanges suggests that an entity plans to sell. Bitcoin's value has dropped significantly in the past two weeks, but sentiment appears to have shifted after BlackRock applied for a Bitcoin Spot ETF.

June 18 (Cointime) - BlackRock's plans to launch a Bitcoin spot price exchange-traded fund (ETF) have caused a rally in the Grayscale Bitcoin Trust (GBTC), with the discount on GBTC share prices currently at -36.6%.

June 18 (Cointime) - BlackRock, the world's largest investment management company, has filed for a Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust.

June 17 (Cointime) - A new Bitcoin whale has emerged, transferring 10,000 BTC worth $261 million to a brand new wallet with no registered owner. This could indicate a purchase or a whale redistributing their crypto holdings.