The U.S. SEC is weighing a proposal to change BlackRock's spot bitcoin exchange-traded fund to allow in-kind redemptions.
The fund would be based in Switzerland and BlackRock could start marketing it as soon as this month, according to the story.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Following President Trump’s tariff announcements, ether was one of the hardest hit, dropping 36% to a low of around $2,100 on Monday.
"We want crypto DeFi to expand access to institutional-quality products," said Apollo Partner Christine Moy.
The spot Bitcoin ETFs (exchange-traded funds) have picked up from where they left off in 2024, enjoying increased attention from investors in the new year. This positive sentiment has further intensified after the recent inauguration of Donald Trump as the United States president. The US-based exchange-traded funds continued their impressive streak of capital influx, positive more than $500 million in net inflows on Friday, January 24. Unsurprisingly, this positive run of form has been reflected in the price of the premier cryptocurrency, which has steadied around $105,000 this weekend. Bitcoin ETFs Register $517 Million Inflow In One Day According to the latest market data, the US-based spot Bitcoin ETFs registered a total net influx of $517 million on Friday, January 24, representing the seventh consecutive day the crypto investment products have experienced a net capital inflow. Related Reading: XRP Rich List: Top 20 Wallets Control Over 50% Of Supply, But Who’s Number 1? Surprisingly, Fidelity Wise Origin Bitcoin Fund (with the ticker FBTC) led the group with an inflow of over $186 million. With strong performances in the past few weeks, the fund has continued to consolidate its position as the second-largest BTC ETF. ARK 21Shares Bitcoin ETF(with the ticker ARKB) came in second place, with a total inflow of roughly $169 million to close the week. Meanwhile, BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) followed in third, adding more than $155 million in value on the day. Other Bitcoin ETFs with a positive single-day performance included Grayscale Bitcoin Mini Trust (BTC) and WisdomTree Bitcoin Trust (BTCW), with $13 million and $2.79 million, respectively. Bitwise Bitcoin ETF (BITB) was the only exchange-traded fund that posted an outflow on Friday, withdrawing $8.6 million in value. Nonetheless, this $517 million single-day performance brought the US-based Bitcoin ETFs’ weekly record to $1.76 billion. Meanwhile, it extended the current streak of positive inflows to seven days, with the exchange-traded funds drawing $4.7 billion in capital within this period. Bloomberg ETF expert said in a post on X: The spot bitcoin ETFs quietly on fire to start year, with $4.2b in flows which is 6% of all ETF flows. Now at +$40b net since launch with aum at $121b and return of 127%. For context they just passed ESG ETFs in assets ($117b) and have about same as gold spot. Bitcoin Price Overview The recent steady capital influx might have translated to the Bitcoin price staying afloat despite the recent uncertainty clouding the market. As of this writing, the premier cryptocurrency is valued at around $104,500, reflecting no significant movement in the past 24 hours. Related Reading: Bitcoin Realized Cap Hits $832 Billion Milestone As $100K Inflows Begin To Slow Featured image from iStock, chart from TradingView
Ethereum (ETH) declined by 5.68% in the last week in line with the majority of the crypto market. The prominent altcoin currently trades around $3,290 as investors await the crypto bull run’s return to form. On the other hand, rising institutional adoption provides a positive development for the Ethereum community. Related Reading: Justin Sun’s Grand Strategy For Ethereum Price: $10,000 Target BlackRock’s ETHA Lead Spot ETF Market With 1.2 Million ETH According to a recent X post by Burak Kesmeci, Ethereum is currently experiencing a surge in institutional adoption as evidenced by developments in the Spot ETF Market. Kesmeci highlights that BlackRock’s ETHA accounts for the majority of this demand with net assets of 1.2009 ETH valued at over $3.19 billion. According to data from SoSoValue, this record is largely unsurprising as ETHA has experienced the highest net cumulative inflows of $3.97 billion in the Ethereum Spot ETF market. Fidelity’s FETH occupies second place with 432,750 ETH valued at around $1.46 billion. Bitwise’s ETHW and VanEck’s ETHV follow with holdings of 105,974 ETH and 45,766 ETH, respectively. Meanwhile, all other Ethereum Spot ETFs except the Grayscale ETHE have accumulated at least 7,000 ETH since their launch in July 2024. A rise in institutional demand of Ethereum as Indicated by the data above indicates strong confidence in the asset’s long-term profitability. While Ethereum Spot ETFs may not replicate the performance of Bitcoin counterparts, the institutional demand these funds command could enhance ETH market stability and liquidity, paving the way for broader regulatory acceptance and mainstream adoption. Related Reading: Ethereum Consolidates But Open Interest Points to Potential Breakout Short Transactions Dominate Ethereum Market In other news, bearish sentiments currently prove dominant in the ETH market as dominated by a higher proportion of short-term transactions to long transactions. According to Kesmeci, short orders represent 57% of all Ethereum futures trades indicating that the majority of traders are betting the altcoin to experience a further price decline. This negative development is particularly observed on the Bitmex and Bitfinex exchanges. At the time of writing, Ethereum trades at $3,297 after 0.17% loss in the last 24 hours. Meanwhile, the asset’s trading volume has dipped by 24.24% and is now valued at $25.36 billion. Based on its daily trading chart, Ethereum appears to be consolidating despite recent losses. With any price rally, the altcoin could reach around $3,700, moving past which would spur a return to around $4,000. On the other hand, another fall in Ethereum’s price could result in a slump to around $3,100, which lies its next significant support level. With a market cap of $396.85 billion, ETH retains its position as the largest altcoin and second-largest cryptocurrency in the world. Featured image from Freepik, chart from Tradingview
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.
Nasdaq, on behalf of BlackRock, is pursuing a potential change to the asset management firm's spot bitcoin exchange-traded fund.
XRP’s market cap has climbed to the 3rd spot among top cryptocurrencies by market cap and surpasses asset manager BlackRock.
Investors’ appetite for Bitcoin exchange-traded funds (ETFs) remains strong even as the US Securities and Exchange Commission (SEC) remains cautious as recent outflows hit the market. Bitcoin ETF flows According to SoSoValue data, the US-based spot Bitcoin ETFs experienced significant outflows over the past four days, totaling $1.2 billion. On Jan. 14, the 12 spot […]
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BlackRock’s iShares Bitcoin Trust (IBIT) emerged as a bright spot in an otherwise challenging period for US Bitcoin exchange-traded funds (ETFs), which saw their third consecutive day of net outflows on Jan. 13. According to data from Farside, the Bitcoin ETF market recorded a total net outflow of $284.1 million. BlackRock’s IBIT stood out with […]
The post BlackRock’s iShares Bitcoin ETF shines amid sector outflows, expands to Canada appeared first on CryptoSlate.
Options linked to BlackRock's spot bitcoin ETF (IBIT) began trading on Nov. 19 and have since grown to half the size of Deribit's BTC options market.
Steno Research analysts predict that Bitcoin ETFs could see an estimated $48 billion in net inflows during 2025.
The Ethereum Spot ETFs experienced another tumultuous trading week in 2025 resulting in an overall net outflow. At the same time, the Ethereum market showed similar struggles as the prominent altcoin declined by 10% over the past seven days. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery Ethereum ETFs Net Assets Drop Below $12 Billion Amid Strong Outflows Following a negative performance in the first week of 2025, the Ethereum Spot ETFs are struggling to rediscover their bullish form as another trading week was marred by higher withdrawals than deposits by investors. According to data from ETF tracking site SoSoValue, the week began on a positive note as the Ethereum ETFs rallied to record $128.72 million in net inflows on January 6. However, this positive momentum was overshadowed by three consecutive days of cumulative net losses of $314.61 million leading to a weekly net outflow of $185.89 million. During the course of this week, Fidelity’s FETH registered the largest net outflows valued at $276.13 million. This figure was followed by minimal withdrawals from Grayscale’s ETHE, ETH and Bitwise’s ETHW estimated to the tune of $16.12 million, $14.60 million and $3.05 million, respectively. BlackRock’s ETHA was the only ETF to see a net inflow totalling $124.11 million while VanEck’s ETHV, Invesco’s QETH, 21Shares’ CETH, and Franklin Templeton’s EZET reported no net flows. Following the Ethereum Spot ETFs underperformance, their total net assets for has declined by 10.89% to $11.61 Billion, representing 2.96% of the Ethereum market cap. Meanwhile, the cumulative total net inflow for these investment funds has now climbed to $2.45 billion. As expected, Grayscale’s ETHE continues to lead the market with net assets totaling $4.57 billion, while BlackRock’s ETHA maintains its dominance with $3.68 billion in net flows since the launch of these Ethereum ETFs in July. Related Reading: Crypto Analyst Explains What Could Trigger Ethereum Rally To $6,000 Ethereum Crashes By 10% Due To General Market Struggles In other news, data from CoinMarketCap shows the price of Ethereum declined by 10.06% in the past week in line with wide scale losses across the crypto market. Notably, this price loss was accompanied by $1.4 billion in exchange outflows, as many bullish investors looked to accumulate popular altcoin at lower prices. At press time, Ethereum trades at $3,287 following a slight gain of 0.58% in the last 24 hours. During this period, the asset’s trading volume has plummeted by 55.98% and is now valued at $11.75 billion. In making any headway, ETH would need to break past the immediate resistance at $3,350 which may ignite a rally to around $3,700. Featured image from StormGain, chart from Tradingview
One year ago, the US Securities and Exchange Commission (SEC) announced the approval of Bitcoin Spot ETFs in what would be a historic move for institutional adoption in cryptocurrency. In no equivocal terms, these exchange-traded products have superseded market expectations in terms of demand and performance becoming a major influence over Bitcoin’s price trajectory. Related […]
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
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 […]
The post BlackRock’s BUIDL fund backs new Frax Finance stablecoin, enhancing fiat-crypto bridge appeared first on CryptoSlate.
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.