(Bloomberg) A Bitcoin rally paused around $30,000 as investors assessed a flurry of applications in the US to start exchange-traded funds investing in the token’s spot market, products regulators there have so far resisted.Most Read from BloombergTitanic Sub Hunt Chases Mystery Noises as Air Supply Runs LowChina Says Biden Calling Xi a Dictator Is ‘Provocation’Modi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaPowell Signals Higher Rates as Lawmakers Press Him on Bank Rule
According to a recent report, BlackRock, the world's largest asset manager, is close to filing an application for a Bitcoin exchange traded fund with the help of Coinbase.
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Spot quotes in north China rose last week. Spot copper was quoted with premiums of 10-270 yuan/mt, or an average premium of 140 yuan/mt last Friday, up 60 yuan/mt from May 26.