Bitcoin-related exchange-traded funds in the U.S. are going through a very tough time in the month of November, with their performance being at its lowest level since the funds were introduced in January 2024. The November withdrawals have amounted to $3.79 billion, which is significantly higher than the record of
BlackRock has registered its iShares Staked Ethereum Trust in Delaware, an important step forward for staking-type crypto investment products. Bloomberg analyst Eric Balchunas noted that the registration could soon lead to a formal filing under the Securities Act of 1933. BlackRock has previously gone through the same process for both
Amidst the market volatility that has led to widespread investor withdrawals, Harvard University has radically increased its exposure to crypto-assets by more than 250% in the case of its Bitcoin ETF. The billionaire college’s daring maneuver is a clear indication that institutional investors are becoming more and more confident in
BlackRock has added Bitcoin tokens worth over $400 million to its portfolio. The move is possibly a reaction to recent reports of an upcoming rate cut and Citibank’s estimate for BTC price. BlackRock’s report underlines the market value of its holdings to more than $90 billion as of early October
Ted Pillows has underlined a massive outflow from Spot Ether ETF. He has drawn an association with the ETH sale by BlackRock. Meanwhile, ETF price is attempting a recovery after heavy declines. The token has lost the closest resistance margin but is estimated to reverse the ongoing trend. Outflow from
BlackRock bought Ether tokens a day after it sold them. The recent purchase has come at a time when ETH price is starting to mark upticks. A rise in the ETH price is likely due to the US Federal Reserve announcing a rate cut. The price of Ethereum token is
BlackRock, an investment management firm, sold more than 4,000 Ethereum tokens. These were collectively worth over $20 million. BlackRock previously bought more than 1,700 Bitcoin tokens for over $200 million. Selling Ether triggered speculation around ETH price correction ahead of rate cuts. Nevertheless, BTC price and ETH price predictions seem
The leading Bitcoin exchange-traded fund offered by BlackRock has surpassed the mark of $91.06 billion in assets under management. This is the largest figure in its history and proves the dominance of the company in the field of cryptocurrency investment. The impressive performance of the IBIT fund is occurring when
People are talking a lot about a possible connection between Ripple and BlackRock. Some of this chatter sounds like wild theories, but experts think there might be something real going on. They believe Ripple’s XRP could play a big part in fixing financial messes. And BlackRock might be eyeing it
Blackrock Bitcoin ETF (IBIT) is growing its wings rapidly after culminating Bitcoins in big numbers, recording $266 million inflows on June 16, and it has also hit the $50 billion inflows mark since it was introduced. In the BTC ETF market, IBIT holds around 54% dominance. The data from Trader
