The asset manager added four new roles to its website, including a legal counsel to advise on ETF launches.
Bitcoin is on everyone’s crosshairs once more. The cryptocurrency shot up to $88,500 today, exciting traders who think the price will rise to $95,000 in the near term. But while optimism is high, so is caution. Some analysts are warning that a retreat back to $80,000 may occur before the next major rally starts. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Traders Show Signs Of Greed Market intelligence platform Santiment reports that greed is building among crypto investors. References of Bitcoin reaching $100,000 or even as high as $159,000 have surged through social media platforms. While hope is generating all the excitement, Santiment reminds that such peaks in greed generally precede an imminent price adjustment. ???? As crypto has bounced nicely in the second half of March, traders have swung the pendulum back toward mild greed. After showing major fear in late February and early March following two stints of Bitcoin dipping as low as $78K, it appears that this rebound to $88.5K has… pic.twitter.com/WGvmvKSv2X — Santiment (@santimentfeed) March 25, 2025 Traders had also been holding back earlier in the year when Bitcoin fell to a low of $78,000. But that recent spike back to $88,500 does appear to have changed the general sentiment. Santiment suggests this might be an ideal time for traders to consider taking profits. Miners Hold Onto Bitcoin Reserves Bitcoin miners appear to be confident about the future. According to data from CryptoQuant, miners have not been selling much of their Bitcoin recently. In fact, miner reserves now total 1.81 million BTC, which is worth around $159 billion. Ali Martinez, a crypto analyst, confirmed in a comment on X that no significant selling activity has been recorded among miners over the past 24 hours. This behavior could be a sign that miners are expecting higher prices and prefer to hold onto their earnings for now. Institutional Interest Grows With ETF Inflows Institutional investors are also playing a big role in the market’s momentum. On March 25, Bitcoin spot ETFs in the US recorded a total daily inflow of $27 million. BlackRock, one of the largest asset management firms, led the way with $42 million in inflows that day. Whereas some other funds such as Bitwise and WisdomTree experienced $10 million and $5 million outflows respectively, the robust demand for BlackRock helped in nudging the general trend into positive direction. BlackRock’s net assets in its Bitcoin spot ETF are currently at a little over $50 billion, demonstrating that institutional investors still have a passion for Bitcoin. Related Reading: Mt. Gox Moves $1 Billion In BTC Again—Is A Market Shakeup Coming? Analysts Expect Short-Term Fall Before Rally Technical analysis is indicating Bitcoin might experience a temporary decline before the next peak. On its 4-hour chart, Bitcoin is having a difficult time surpassing a trendline of resistance, creating what experts refer to as a “double top” formation. The pattern suggests the potential for a price drop towards $85,000. Meanwhile, the most important support level is at $86,146, according to the 61.80% Fibonacci retracement level. If Bitcoin manages to stay above this level, analysts indicate that the price may rebound and move towards $95,000. Featured image from Gemini Imagen, chart from TradingView
BlackRock, the largest investment firm in the world with over $11 trillion in assets under management, made two significant moves on March 25 to increase its presence in the crypto industry. The firm has extended its tokenized money market fund to the Solana blockchain and introduced its first Bitcoin exchange-traded product (ETP) in the European […]
The post BlackRock taps Solana for BUIDL tokenized fund as Bitcoin ETP debuts in Europe appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock's IBIT is by far the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets of over $50 billion.
BlackRock's iShares Bitcoin ETP will be listed on Euronext Paris, Xetra and Euronext Amsterdam on Tuesday.
Growth comes from increases in TVL on Ethena USDtb and BlackRock's BUIDL.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it's increasingly used as collateral on trading platforms.
BlackRock's first tokenized fund surpassed Franklin Templeton's BENJI last April and has since overtaken Hashnote's USYC as the largest onchain fund.
Integrating an oracle would make it easier to bridge Apollo, BlackRock, Hamilton Lane and KKR's onchain funds into DeFi.
U.S. investors were the most bearish last week, pulling out $922 million from crypto funds, despite President Trump's executive order.
The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.
The world’s biggest asset manager added a 1% to 2% allocation to its target allocation portfolios.
Many people wonder about the length of Bitcoin’s rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju. Should this be the case, it could signal the longest ever Bitcoin bull cycle. Related Reading: Dogecoin Sees 95% Drop In Network Activity—Trouble Ahead? Variations In Bitcoin’s Growing Rate Ju created a Bitcoin growth rate difference statistic for May 2024 that formed the foundation for his projection. Monitoring the long-term market movements of the crypto helps one to ascertain whether the asset is still in a growth phase or overheated. Right now, Bitcoin is in what he refers to as a “critical zone,” in which market signals combine bullish and bearish patterns. Whether Bitcoin keeps on its ascent or begins to lose vigor will depend mostly on the next few weeks, or months. #Bitcoin on-chain indicators are at the bull-bear boundary. I expect this to be the longest bull run in history, but I could be wrong. We need at least another month of data to confirm whether we’re entering a bear market. If demand doesn’t recover, indicators may fully signal a… https://t.co/QkaZx7wmAt pic.twitter.com/4iHbuitW4o — Ki Young Ju (@ki_young_ju) February 27, 2025 Market Fluctuations And Past Corrections Investors are beginning to have jitters about Bitcoin’s price as it has lost 30% of its value in the last few days. But Ju is not bothered. According to him, severe pullbacks like these are not uncommon during a bull cycle phase. Historical records support his assertion; earlier bull runs show price losses of up to 52% before recovery. Should history be the barometer, Bitcoin might still have some surprises in its sleeves and carry out strong upward moves in the face of a volatile market. The BlackRock Bitcoin Selloff Movement in Bitcoin price is much influenced by institutional investors. BlackRock lately sold roughly $70 million in ether and $440 million in bitcoin. These big sell-offs could cause temporary devaluations and change investor mood. These events could change the price direction of Bitcoin in the next months even if Ju is optimistic. What’s Next For The Alpha Coin? Meanwhile, Bitcoin is not in good form as we speak: it is languishing in the $79,900 level, to the delight of those who’ve been waiting to buy the dip. Bitcoin is trading 7% below its most recent closing. It peaked at $86,990 then fell to a low of $79,490. The bulls can only wish it was the other way around. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Ju’s research shows that although some investors worry about possible future dips, the bull run is far from over. Since April 2025 is just a month away, traders and experts are still captivated by Bitcoin’s long-term trend and what the coming days will bring on the table. Ju’s observations offer a data-driven viewpoint even if nobody can exactly predict the market. Whether Bitcoin follows past patterns or creates new ground, investors will be closely observing it. Anything can happen in the crypto space. Featured image from Gemini Imagen, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock's IBIT saw a record $418.1 million worth of net outflows on Wednesday amid the ongoing crypto market correction.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Despite leading the Bitcoin and Ethereum ETF markets, BlackRock has yet to file for a spot Solana exchange-traded fund.
Investors are cautious amid uncertainty around trade tariffs, inflation and monetary policy, Head of Research James Butterfill said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Barclays has emerged as one of the top holders of BlackRock’s Bitcoin ETF as of Dec 31, according to a Thursday 13F filing with the SEC.
The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double the size in the Bitcoin ETF market in the first week of the month. Interestingly, this development coincided with a bearish trading week for Ethereum, during which its price declined by 16.18%. Related Reading: Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details Ethereum Spot ETFs Register $420 Million Inflows Amid Price Fall As prices of Ethereum struggled to find market stability in the past week, the Ethereum Spot ETFs experienced an increased level of market interest translating into a net inflow of $420 million. Data from SoSoValue show the ETH ETFs pulled inflows significantly larger than the $203 million registered by the Bitcoin Spot ETFs despite the premier cryptocurrency having a better price performance. Commenting on this eye-catching development, Coinbase analysts have attributed Ethereum ETF performance to a spiked interest in ETH as a preferred asset for CME basis trade over Bitcoin. For context, the CME basis trade is a common trading strategy where market participants go long on an asset in the spot market and short in the future market with intentions to profit from the difference in market prices. According to data from Coinbase, CME ETH basis trade produced a higher gain (16%) than that of Bitcoin (10%) over the last week translating into an increased market institutional interest in the Spot ETFs. Of the reported net inflows in the Ethereum ETF market, BlackRock’s ETHA remains investors’ favorite with total net deposits of $286.81 million. Unsurprisingly, Fidelity’s FETH came second with aggregate investments of $97.28 million. Grayscale’s ETHE, ETH, Bitwise’s ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million -$18 million. Meanwhile, Invesco’s QETH, Franklin Templeton’s EZET, and VanEck’s ETHV all record zero net flows. Over the last trading week, the Ethereum Spot ETFs saw their net assets decline to $9.88 billion despite a net positive flow. At the time of writing, these ETFs now control 3.17% of the ETH market cap. Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle ETH Price Overview At press time, Ethereum trades at $2,681 following a 1.46% rise in the last 24 hours. However, daily trading volume is down by 45.15% and is now valued at $16 billion. According to its daily trading chart, the Ethereum Relative Strength Index is currently at 34.03 heading in an upward direction. This data suggests strong potential for a price reversal following last week’s price crash. In driving any price rally, market bulls will encounter strong resistance in the $3400 price zone, pushing past which could allow a return to the local market peak of $4,000. Featured image from ShutterStock, chart from Tradingview
Ethereum’s price action in the past seven days has led to the creation of a capitulation candle that might send it on another surge within the next eight to twelve weeks. This capitulation candle caught the attention of crypto analyst Ted Pillows, who noted an interesting repeating capitulation pattern for Ethereum. According to technical analysis by Ted Pillows, Ethereum has printed a capitulation candle in early 2025, just as it did in the first quarter of 2024 and the third quarter of 2023. Capitulation Candles And Ethereum Historical Patterns TedPillows’ analysis highlights that the Ethereum price has undergone three major capitulation events in the past two years, all of which led to substantial price rebounds. Particularly, these capitulations have taken place in the weekly candlestick timeframe, where the Ethereum price witnessed intense selling pressure throughout the week. However, historical price playout shows that these capitulations have often marked the bottom before a massive price rally. Related Reading: Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge The first of such capitulations occurred in Q1 2024 and eventually led to a 100% rally over the next three months, with the Ethereum price reaching $3,950. The second capitulation took place in Q3 2024, leading to a similar upswing. With Ethereum now experiencing another capitulation moment in early 2025, the analyst suggests that the pattern is set to repeat. He believes that Ethereum is once again forming a market bottom, setting the stage for an aggressive upward move. Ethereum’s 100% Price Surge And Potential Peak If Ethereum follows its previous trajectory, the next eight to twelve weeks could bring a significant price increase, even as the leading altcoin currently struggles around $2,700. A 90%-100% pump after the recent capitulation would push the Ethereum price past key resistance levels and above its current all-time high. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts TedPillows’ analysis suggests that Ethereum’s ultimate price target following this capitulation could reach as high as $8,000. However, it is likely to encounter significant resistance near $3,950, a level that has historically triggered rejections in past capitulation cycles. Should Ethereum struggle to break through this barrier again, a temporary pullback could be on the horizon before any sustained move higher. Meanwhile, Spot Ethereum ETFs are attracting heavy inflows despite Ethereum’s price downturn. Institutional investors appear to be capitalizing on the dip and increasing their ETH holdings in anticipation of a broader market rebound. Spot Ethereum ETFs have recorded $513.8 million in inflows in the last six trading days, with BlackRock leading the charge by acquiring $424.1 million worth of ETH. This steady accumulation from institutional holders suggests growing confidence in Ethereum’s long-term potential and could lay the foundation for the projected 100% surge in the next eight to twelve months. At the time of writing, Ethereum is trading at $2,725, down by 4% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
The SEC delayed a decision on Friday on whether to approve BlackRock's proposal to list and trade options on its spot Ethereum ETF.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Strategy’s STRK is up 5% in pre-market trading, building on its 2% gain during its Nasdaq debut.
BlackRock's total stake in Strategy now stands at 11.26 million shares, worth over $3.67 billion at current prices.