Crypto markets, led by bitcoin (BTC), rallied through the week as investors cheered the news that a slew of traditional financial institutions took steps to get more involved with digital assets. BlackRock, the world’s largest asset manager, filed to register a much-coveted spot BTC exchange-traded fund (ETF) last Thursday. This week, banking giant Deutsche Bank applied for a crypto custody license in Germany, while new crypto exchange EDX Markets, backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, launched its trading platform.
