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It's Friday, June 16th, 20203, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine here again with your Daily News Roundup.

Now joined by CoinDesk's George Calutus.

On today's show, we're talking Bitcoin, BlackRock, and the bigger picture.

And just a reminder, CoinDesk is a news source and does not provide investment advice.

Bitcoin, Ether, and the rest of the crypto market bounced back after an initially negative reaction to the Fed's policy decision earlier this week. Among the biggest apparent catalysts for the move was news from BlackRock, the world's largest

asset manager, which yesterday formally filed paperwork with the SEC for the formation of a

spot Bitcoin ETF.

We've told you about these before.

The filing says the fund's assets will, quote, consist primarily of Bitcoin held by a custodian

on behalf of the trust, and quote. a custodian on behalf of the trust,

end quote. The custodian, according to the application, would be crypto exchange Coinbase.

...