Business - Brazil Markets

Bitcoin heads for best week since March on speculation over new ETF

By RT Staff Reporters · June 23, 2023 · 2 min read

Bitcoin (BTC) is on track for one of its best weeks this year, driven by speculation surrounding the announcement of index funds (ETFs), which could bring new demand to the largest digital asset.

With a 13% weekly gain, the most since March, Bitcoin was trading around US$30,000 on Friday morning. However, smaller cryptocurrencies like XRP, cardano, and solana experienced a slight decline.

The surprise filing by BlackRock with the U.S. Securities and Exchange Commission (SEC) on June 15, along with other recent requests to create ETFs investing in Bitcoin, has ignited discussions.

While the SEC has been cautious in approving such funds, the involvement of the world’s largest asset manager has raised hopes for potential acceptance.

Bitcoin heads for best week since March on speculation over new ETF. (Photo Internet reproduction)

If approved, the impact on Bitcoin’s market structure would be significant, as it would lower barriers for investment advisors to recommend exposure to the cryptocurrency.

This development has been noted by industry experts, signaling a shift in the market.

Moreover, the launch of the EDX Markets digital asset exchange, backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp., has further fueled optimism and indicates a growing interest from traditional financial players.

Despite recent negative regulatory news and concerns about cryptocurrency crackdowns, including the FTX exchange collapse, investors remain positive about Bitcoin’s long-term prospects.

They are focusing on the potential of new ETFs and the narrative shift in the crypto market, which is seen as a positive development.

The optimism has overshadowed recent comments from central bankers regarding higher interest rates and reduced market liquidity.

The current narrative surrounding cryptocurrencies is becoming more specific and favorable, according to industry observers.

Bitcoin’s strong performance this week reflects the growing anticipation of new investment avenues and increased institutional involvement, suggesting a positive outlook for the digital asset.

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Crypto — Live Market Board

Digital assets
Jul 15, 2026 · 13:14

Bitcoin · benchmark

65,124
+0.26%

L 64,445day rangeH 65,467

-44.71% over 12 months

Market breadth · 17 names

59% advancing

10 ▲ advancing7 declining ▼

Currencies, rates & key inputs

Ethereum

1,921

+1.69%

Solana

77.72

-0.05%

Gold

4,054

-0.18%

USD / BRL

5.08

+0.16%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	65,124	+0.26%	-44.71%	64,956	65,467	64,445	27,686,066,176
ETH	1,921	+1.69%	-38.81%	1,889	1,939	1,864	12,573,583,360
SOL	77.72	-0.05%	-52.60%	77.76	78.80	77.09	2,052,346,624
XRP	1.12	+0.84%	-61.61%	1.11	1.13	1.10	1,301,203,456
BNB	579.34	-0.42%	-16.03%	581.76	583.97	575.77	1,196,320,000
ADA	0.16	-0.44%	-77.97%	0.17	0.17	0.16	312,136,736
DOGE	0.07	-0.31%	-62.72%	0.07	0.08	0.07	678,037,376
AVAX	6.71	+0.19%	-70.20%	6.70	6.75	6.61	207,534,272
LINK	8.50	+1.94%	-47.17%	8.34	8.60	8.27	296,416,736
DOT	0.85	-0.20%	-79.14%	0.85	0.86	0.85	82,371,104
LTC	45.48	+0.10%	-52.78%	45.43	45.88	44.62	301,832,128
BCH	233.47	-1.28%	-53.11%	236.49	237.59	231.37	109,176,784
TRX	0.33	+0.54%	+8.98%	0.33	0.33	0.33	453,627,168
XLM	0.19	+1.00%	-58.77%	0.18	0.19	0.18	183,059,072
HBAR	0.07	+0.79%	-70.89%	0.07	0.07	0.07	49,506,212
NEAR	2.06	+2.78%	-22.63%	2.01	2.10	2.00	206,307,264
ATOM	1.57	+0.51%	-66.37%	1.56	1.59	1.55	23,205,380
AAVE	96.32	-2.59%	-70.55%	98.88	99.73	96.32	219,013,232

Largest moves today

NEAR
2.06
+2.78%

AAVE
96.32
-2.59%

LINK
8.50
+1.94%

ETH
1,921
+1.69%

BCH
233.47
-1.28%

XLM
0.19
+1.00%

XRP
1.12
+0.84%

HBAR
0.07
+0.79%

The session read

The Bitcoin rose 0.26%, with breadth positive — 10 of 17 names higher. NEAR led, while AAVE lagged.

From The Rio Times

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Bitcoin heads for best week since March on speculation over new ETF

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