Bitcoin hits 1-year high amid BlackRock ETF excitement

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(Reuters) – Bitcoin, the world’s largest cryptocurrency, hit a one-year high on Friday at $31,458, capping off a week of gains helped in part by BlackRock (NYSE:BLK)’s plans to create a bitcoin exchange-traded fund (ETF) even as the digital asset sector faces U.S. regulatory scrutiny.

Bitcoin was last up 3.39% at $30,903.