Securities and Exchange Commission to launch an exchange-traded fund (ETF) backed by bitcoin. LONDON, June 26 (Reuters) - BlackRock's plans for a bitcoin fund have helped push the world's largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory crackdown could choke off the rally, analysts and industry insiders say.īitcoin jumped more than 15% last week, rising above $30,000 for the first time since April, its best week since March, in large part driven by BlackRock (BLK.N) filing an application with the U.S.
