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.
Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges.
The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network.
Bitcoin exchange-traded funds now collectively manage approximately $104 billion, and are on track to surpass gold ETFs in net assets.
BlackRock’s Bitcoin ETF options made a historic debut, recording nearly $1.9 billion in notional value traded on the first day. Jeff Park, Head of Alpha Strategies at Bitwise Invest, shared his detailed observations on X , highlighting key takeaways from the inaugural trading day. “Today marks the historic Day 1 of BTC ETF options launch. […]
BlackRock’s IBIT BTC options launch was a success, but how realistic are traders' high six-figure Bitcoin price expectations?
BlackRock’s IBIT was the first bitcoin ETF to launch with options tied to it. The rest of the pack is coming today.
The bullish sentiment in the IBIT options is consistent with the noticeable activity in the $200,000 bitcoin call trading on Deribit.
Spot bitcoin exchange-traded funds options are making solid volume on their first day.
With President-elect Donald Trump’s recent commitment to using Bitcoin as a strategic reserve asset for the United States, speculation regarding the timing and feasibility of this initiative has intensified within the crypto industry. This proposal, first articulated during the 2024 National Bitcoin Conference in Nashville earlier this year by Trump and pro-crypto Senator Cynthia Lummis, […]
Holders of BlackRock's tokenized money fund can now tap into DeFi opportunities while earning interest from United States Treasury bills, Securitize said.
The US-based spot Ethereum ETFs have continued to experience a high market interest following Donald Trump’s emergence as the next US President. As institutional investors continue to position themselves for a massive crypto bull run, these Ethereum ETFs have now registered over $500 million in weekly inflows for the first time since their trading debut in July. Meanwhile, the spot Bitcoin ETFs maintain a splendid performance, closing another week with over $1 billion in inflows. Related Reading: Ethereum ETFs Record Largest Inflows Since August Amid ETH’s Rally To $2,900 Spot Ethereum ETFs Notch Up $515M Inflows To Extend 3-Week Streak According to data from ETF aggregator site SoSoValue, the spot Ethereum ETFs attracted $515.17 million between November 9-November 15 to establish a new record weekly inflows, as they achieved a 3-week positive inflow streak for the first time ever. During this period, these funds also registered their largest daily inflows ever, recording $295.48 million in investments on November 11. Of the total market gains in the specified trading week, $287.06 million were directed to BlackRock’s ETHA, allowing the billion-dollar ETF to strengthen its market grip with $1.72 billion in cumulative net inflow. Meanwhile, Fidelity’s FETH remained a strong market favorite with $197.75 million in inflows, as its net assets climbed to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW also accounted for weighty investments valued at $78.19 million and $45.54 million, respectively. Other ETFs such as VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH experienced some significant inflows but of no more than $3.5 million. With no surprise, Grayscale’s ETHE continues to bleed with $101.02 million recorded in outflows, albeit retains its position as the largest Ethereum ETF with $4.74 billion in AUM. In general, the total net assets of the spot Ethereum ETFs also decreased by 1.2% to $9.15 billion representing 2.46% of the Ethereum market cap. Related Reading: Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details Spot Bitcoin ETFs Remain Buoyant With $1.67B Inflows In other news, the spot Bitcoin ETFs market recorded $1.67 billion in the past week to continue its stunning performance of Q4 2024. While the Bitcoin ETFs saw notable daily outflows of over $770 million at the week’s end, earlier weighted inflows of $2.43 billion proved quite significant in maintaining the market’s green momentum. BlackRock’s IBIT, which ranks as the market leader and the best-performing crypto spot ETF, now boasts over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the total net assets of the spot Bitcoin ETF returned to above $95 billion, capturing 5.27% of the Bitcoin market. At the time of writing, Bitcoin trades at $90,175 with Ethereum hovering around $3,097. Featured image from FXTM, chart from Tradingview.com
Major investment bank Goldman Sachs has disclosed its significant stake in spot Bitcoin ETFs (exchange-traded funds). The finance behemoth, once a vocal Bitcoin critic, appears to be shifting its investment strategy towards crypto assets, specifically the world’s largest cryptocurrency by market capitalization. Goldman Sachs Discloses $461 Million In BlackRock’s Bitcoin ETF On Thursday, November 14, […]
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.