After a bearish week, thanks to the SEC’s hounding of certain CEXes, and various cryptocurrencies being declared as commodities, the market made a striking reversal. This seems to be due to the news that Blackrock, the world’s largest asset manager, has filed for a Bitcoin Spot ETF. Although many others have tried and been denied, the sentiment is that Blackrock is likely to be successful due to the immense power that they wield.