Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
Crypto-related products recorded a remarkable $44.2 billion in inflows last year—almost four times higher than the previous all-time high of $10.5 billion set in 2021. According to CoinShares’ latest report, this record-breaking performance is attributed to the introduction of US spot-based exchange-traded funds (ETFs), which significantly influenced global investments. Bitcoin ETFs dominate Bitcoin dominated the […]
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BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has deepened its position within the digital asset space as Frax Finance approved it as collateral for its soon-to-be-launched frxUSD stablecoin, according to a Jan. 2 statement. FrxUSD frxUSD is Frax Finance‘s newly rebranded stablecoin that offers direct fiat redemption and enhanced regulatory compliance. Sam Kazemian, Founder of […]
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BlackRock's IBIT started the new year on a rough note, losing millions in net outflows on Thursday.
BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.
According to Bloomberg, BlackRock’s iShares Bitcoin Trust (IBIT) has set a new benchmark in the world of exchange-traded funds (ETFs) since its launch in January 2024. With over $50 billion in assets amassed in just 11 months, IBIT has achieved a feat unparalleled in the industry, outpacing traditional funds that have been operating for decades. […]
According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has over $648 million in assets under management.
The brokerage reportedly cited expectations of a crypto-friendly regulatory environment under incoming President Trump as a key consideration.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
Bitcoin fans have been abuzz after a bold prediction emerged: Robert Kiyosaki, the author of “Rich Dad Poor Dad”, believes that Bitcoin can reach $350,000 by 2025. His prediction isn’t just based on a guess. Kiyosaki points out the digital asset’s impressive 130% growth this year as a sign of what is to come. Can Bitcoin really go that high? Related Reading: Bitcoin Exchange Reserves Surge: Are Traders Preparing For A Major Market Shift? The Institutional Push: Help Or Hindrance? Institutional players like BlackRock are entering the crypto space in big ways. Their involvement legitimized Bitcoin. But things are not all rosy either. Recently, BlackRock reported $188 million in outflows for its Bitcoin ETF. For some people, that was a red flag. The critics worry that such giants will manipulate the market. Kiyosaki, an adamant proponent of financial freedom, encourages investors to keep their Bitcoin private wallets and not let institutions handle it. Larry Fink dumping Bitcoin. VIVEK warned Larry Fink of BLACK ROCK is a Marxist. Vivek warned Fink & Black Rock are Share Holder Capitalist not Stake Holder Caplitist. Share Holder Capitalists are Marxist….like Klaus Schwab who state: “Someday you’ll own nothing and you’ll be… — Robert Kiyosaki (@theRealKiyosaki) December 27, 2024 Is Bitcoin Getting Too Centralized? One of the best things about Bitcoin is its decentralized nature. As Wall Street behemoths such as BlackRock begin to dip their toes in, fears of centralization start to fill the air. Kiyosaki does not trust these institutions. He believes they may end up gaining too much influence over the crypto market. This would shift Bitcoin from its original appeal as “people’s money.” With such concerns, institutional interest still may drive up demand. If the market perceives Bitcoin as a “safe bet” due to BlackRock and others, its price may skyrocket. However, the potential downside—the loss of the power of decentralization—cannot be disregarded. The Road To 2025 Will Bitcoin hit $350,000 by 2025? Opinions remain divided. The crypto market is famously unpredictable, driven by factors like investor sentiment, regulation, and global economic conditions. Kiyosaki’s bullish stance appeals to those who see Bitcoin as a hedge against inflation. But others argue that market manipulation and regulatory scrutiny could keep prices in check. Related Reading: Dogecoin Rally Ahead: Analyst Hints At A Bigger Breakout Than 2021 For now, one thing is quite obvious: Bitcoin is sure to be a hot and highly debated topic. Investor caution is the watchword of the day. While the thought of $350,000 is very tempting, a consideration of risks and reward must be undertaken. Crypto markets are still in an evolving stage. Predictions such as those by Kiyosaki are intriguing, but only time will tell whether or not Bitcoin will see those dizzying heights. For now, stay educated and cautious. At the time of writing, Bitcoin was trading at $94,448, down 2.4% and 4.3% in the daily and weekly timeframes, data from Coingecko shows. Featured image from Pexels, chart from TradingView
Author of “Rich Dad, Poor Dad” and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the premier cryptocurrency to attain a $350,000 price mark in 2025. This daring prediction comes alongside slamming comments against asset manager BlackRock whom Kiyosaki accuses of trying to manipulate BTC’s price. Related Reading: BlackRock’s iShares ETF Makes History with Unique Blockchain-Backed […]
Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
US spot Bitcoin ETFs have notched a positive net inflow nearing half a billion after four trading days which bled over $1.5 billion.
BlackRock's Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds.
According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
A major player in the cryptocurrency market found itself on an unusual side of history after experiencing its largest outflows in months. Related Reading: Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says The leading asset manager BlackRock ended the inflow streak of its Bitcoin exchange-traded fund after recording a $72.7 million […]
On Wednesday, BlackRock, the world’s largest asset manager, successfully acquired municipal debt through a transaction that exclusively utilizes blockchain technology. According to a Bloomberg report, this marks the first instance of municipal bonds being purchased, settled, and held entirely on a blockchain platform. BlackRock’s Historic Bond Deal Per the report, the bonds were issued earlier […]
Ethereum spot exchange-traded funds (ETFs) have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH) in the coming weeks. However, for ETH to reach this milestone, it must surpass the critical resistance level of $4,000. Ethereum Spot ETFs Attracting Consistent Inflows According to data from SoSoValue, Ethereum spot ETF inflows have remained consistently positive since November 22. The cumulative net inflows total $2.32 billion, with a significant $1.5 billion added between November 22 and December 16 alone. Related Reading: Ethereum Finally Set For A New All-Time High? Here’s What Analysts Say Breaking it down by weekly inflows, the week ending December 13 saw net inflows of $854.85 million, closely followed by $836.69 million during the week ending December 6. Moreover, the total net assets held by Ethereum ETFs have climbed to $14.28 billion, which represents approximately 2.93% of ETH’s total circulating supply. Grayscale’s Ethereum Trust (ETHE) ranks as the largest holder with $5.87 billion in net assets, followed by Blackrock’s iShares Ethereum Trust (ETHA) with $4.02 billion. These strong inflows into Ethereum ETFs have bolstered bullish sentiment, with Ethereum bulls anticipating a possible rally to a new ATH for the second-largest cryptocurrency by market cap. Crypto analyst Momin Saqib took X to share his thoughts on ETH price action. The analyst noted that ETH looks poised to break through the local highs of the $4,000 range and is eyeing the $4,500 price level. He added: Ethereum inflows have been coming in non-stop for the last few weeks! After seeing $BTC at $107K…. I think institutions don’t have much options left to bet on higher upside of crypto industry! Higher! Looking at Ethereum’s weekly chart, the digital asset has made four significant attempts to break through the $4,000 resistance level. While it briefly surpassed this level during its second attempt, creating its current ATH of $4,878, it ultimately proved to be a false breakout, followed by a prolonged bear market over the next two years. Analyst Rekt Capital noted that ETH’s post-breakout retest of the $3,100 price level was successful, propelling the cryptocurrency back into the $4,000 zone. They highlighted that ETH has held above the $4,000 zone as support for the second consecutive week, a key development that could pave the way for further upward momentum. Despite The Potential Upside, ETH Traders Remain Cautious While strengthening fundamentals, bullish technical indicators, and persistent ETF inflows paint a positive picture for Ethereum, some analysts remain cautiously optimistic about ETH’s short-term price action. Related Reading: Ethereum Crosses $3,800: Is The ‘God Candle’ Nearing? Analysts Weigh In For instance, analyst CryptoBullet emphasized that ETH may see a quick wick to $3,700 before rebounding. The analyst added that ETH’s ability to hold above key resistance levels indicates its strong bullish momentum. Another factor potentially dampening short-term optimism is Justin Sun, founder of Tron (TRX), who recently unstaked $208 million worth of ETH from Lido Finance. This move has raised concerns about potential selling pressure. ETH trades at $3,947 at press time, down 0.2% in the past 24 hours. Featured image from Unsplash, Charts from SoSoValue, X and TradingView.com
On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.
Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
The spike in activity likely stems from "cash-secured" selling of the options by traders who missed the rally in the ETF.
Trump's potential executive order making Bitcoin a US reserve asset may drive a $20 billion BTC purchase in 2025.
Bitcoin could reach $180,000 by the end of 2025, the asset manager said.
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.
Bitwise has predicted that in 2025, Bitcoin could hit $500,000, Coinbase will enter the S&P 500 and AI agents will drive the next “memecoin mania.”
US spot Bitcoin ETFs now collectively hold more Bitcoin than is estimated to be held by the anonymous Bitcoin creator, Satoshi Nakamoto.
Over the past two weeks, spot Ether ETFs have clocked in more than $1.3 billion in inflows as the cryptocurrency rallied close to $4,000.
BlackRock’s IBIT now holds 2.38% of all Bitcoin, with its latest filing showing it has 500,380 BTC on its books.
Token holders can mint deUSD against BUIDL, BlackRock's onchain money fund, and swap on Curve, a popular DEX.
Pantera is now up more than 130,000% from its first Bitcoin purchase back in July 2013.