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Fortune
Fortune
Ben Weiss

Bitcoin holds steady near $27,000, buoyed by BlackRock’s ETF application

A tower of coins with the Bitcoin logo on a blank background. (Credit: Illustration by Fortune)

The price of the world's largest cryptocurrency by market capitalization was holding steady around $27,000 on Tuesday, less than a week after Bitcoin spot exchange-traded fund.

Partnering with U.S.-based crypto exchange Coinbase and financial services giant Nasdaq, the firm hopes to give retail investors the ability to buy into Bitcoin's daily price swings through ordinary brokerage accounts—a potentially game-changing development that would expose Bitcoin to trillions more in capital.

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