If approved, the new ETFs could start trading as early as September. Although regulatory approval has not been secured, the filing indicates increasing institutional willingness to combine traditional equities with cryptocurrency within regulated structures.
These filings follow the recent launch of BlackRock’s Income ETF, which enables institutions to capture cryptocurrency volatility. The eleven spot Bitcoin ETFs available in the United States have attracted more than $53 billion in investor capital since their inception in 2024, according to SoSoValue.
Overall, these developments reflect sustained institutional demand for Bitcoin amid a bearish market environment. Bitcoin’s price reached a high of $126,000 in October of last year and is currently trading below $62,500.
In the last 24 hours, the price has declined by more than 2%.
“Bulls remain hopeful; a decisive breakdown would require the price to fall below previous lows around $61.5K. Even in that scenario, the decline might plateau near $59–60K, which represents the most critical support level of the year,” said Alex Kuptsikevich, chief market analyst at FxPPro.
A U.S. market holiday on Friday for Juneteenth could result in reduced liquidity and heightened price volatility. Investors should remain vigilant.
