Bitcoin Surges Past $35K on Prospect of Major ETF Launches

Bitcoin has surged over 20% in the past week, topping $35,000 for the first time since May 2022.

Excitement is building around the prospect of bitcoin ETFs trading on major stock exchanges, with BlackRock applying to launch one.

A BlackRock bitcoin ETF could give cryptocurrency more mainstream legitimacy.

Other companies like Grayscale have also applied for bitcoin ETF approval, with legal battles ongoing.

Some investors may be turning to bitcoin as a diversifier and digital "safe haven" amid market uncertainty.