Ethereum ETF Launches as BlackRock Files
@BlackRock files to launch a staked Ethereum ETF, planning to stake 70-90% of the trust’s ETH while managing liquidity risks. Coinbase Custody Trust will act as custodian. #Update #Crypto $ETH
BlackRock
Ethereum ETF Launches with BlackRock Staking
@BlackRock has filed for a new spot Ethereum-ETF with staking capabilities, trading as ETHB on Nasdaq. This marks their fourth crypto product, enhancing investment options in the space. #Update #Crypto $ETH
Bitcoin Soars as Sovereign Funds Buy Dip
BlackRock CEO Larry Fink reports sovereign funds are accumulating Bitcoin at $80,000, viewing it as a hedge against financial instability amid market volatility. U.S. risks losing digital asset leadership. #Update #Crypto $BTC
Bitcoin Gains as U.S. Debt Soars
@BlackRock’s report forecasts U.S. debt surpassing $38 trillion, boosting institutional crypto adoption, with potential for $BTC to exceed $200K next year amid AI-driven demand for mining infrastructure. #Update #Crypto $BTC
Bitcoin ETF Secures Top 10 Spot with 7.7M Contracts
BlackRock’s bitcoin ETF options (IBIT) have surged to 7.7M active contracts, ranking ninth in U.S. markets, surpassing gold ETF options and indicating BTC’s growing macro asset appeal. #Update #Crypto $BTC
Bitcoin ETFs Surprises as Revenue Source
BlackRock’s Bitcoin ETFs, led by IBIT, have unexpectedly become the firm’s largest revenue source, nearing $100B in allocation. Recent outflows are deemed normal. Crypto
Bitcoin ETF Holdings Surge 14% with BlackRock
@BlackRock’s unconstrained bond portfolio increased its $IBIT holdings by 14% to 2,397,423 shares worth $155.8M as of Sept. 30; Bitcoin surpassed $91K #Update #Crypto $BTC
Bitcoin ETFs Drive BlackRock’s Revenue Surge
@BlackRock’s bitcoin ETFs, including IBIT, have become its top revenue source, nearing $100B in allocations. IBIT reached $70.7B in assets in under a year amid institutional interest. #Update #Crypto $BTC
Ethereum ETF Launch Disrupts DAT Companies
@BlackRock’s Ethereum staking ETF threatens Digital Asset Trust companies by offering low-cost staking, potentially attracting investors away from complex DAT structures. BitMine faces $3.7B in unrealized losses amid challenging market conditions. #Update #Crypto $ETH
Bitcoin Flipped XRP Price Must Hit $X
XRP gains traction with ecosystem growth and Spot XRP ETFs but needs to hit $30.61 to match Bitcoin’s market cap of $1.84 trillion. #Update #Crypto $XRP
Bitcoin ETF Sees Historic Capital Outflow
BlackRock’s IBIT fund saw a record capital outflow of $523.15M on November 18, marking the largest single-day withdrawal in history as total outflows exceed $2B weekly amid market corrections. #Update #Crypto $BTC
XRP Lags Despite Record ETF Launch
Canary Capital’s spot-XRP ETF launched with strong volume but failed to boost $XRP’s price, which fell 3.5% to $2.18 amid broader market decline. #Update #Crypto $XRP
XRP Ledger Tax Issue Addressed by Ripple
Ripple CTO David Schwartz disputes claims of taxation on XRP Ledger, emphasizing its role as a public utility without profit for token holders. #Update #Blockchain $XRP
Binance Lists BlackRock’s $2.5B Tokenized Fund
@BlackRock’s $2.5B tokenized U.S. Treasury fund BUIDL is now accepted as collateral for trading on @Binance, enhancing institutional flexibility and expanding to the BNB Chain for DeFi use. #Update #Crypto $BNB