Features Crypto News by Thebittimes.Com

XRP price prediction models are shifting right now as major banking giants signal their growing support for Ripple. Bank of America’s leadership and also BlackRock’s involvement could actually trigger what many experts are calling the “XRP floodgates” opening in 2025. With several analysts currently projecting XRP’s market cap potentially reaching an impressive $1.2 trillion, the current price targets are being rapidly reassessed amid the expanding Ripple partnerships and improved regulatory environment. Also Read: Bitcoin Fork Coming? Samson Mow’s 2025 Warning Bank of America CEO “All In” on Ripple’s Technology & XRP Price Prediction Source: Reddit Regulatory Climate Transformation Drives Banking Interest A very dramatic shift in banking sentiment has been noted by no other than Ripple president –Monica Long after some of their key regulatory changes. The repeal of the SAB 121, which had prohibited banks from getting into the crypto custo...

The last year has represented a massive shift in perspective for the cryptocurrency market in the United States. Further evidence of that fact has come to light Friday as the State of Wisconsin Investment Board reported more than $321 million in BlackRock’s iShare’s Bitcoin Trust (IBIT) ETF, according to a recent SEC filing. The filing represents yet another entity that has invested in the leading cryptocurrency through SEC-approved investment vehicles. Moreover, just a day earlier, Goldman Sachs increased its position in the BTC ETFs, revealing their $1.27 billion position in the product. JUST IN: State of Wisconsin Investment Board discloses $321 million Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) February 14, 2025 Also Read: SEC Crypto Task Force Talks Integrating Staking into ETPs Wisoncsion Reports $321 million BlackRock Bitcoin ETF Holdings Throughout 2024, the cryptocurrency market underwent a massive shift. It culminated in the leading crypto reaching a six-...

The Bitcoin price tumbled 1.4% in the last 24 hours to trade at $97,384.34 as of 5:21 a.m. EST as some investors reduce their exposure to the leading crypto. This slight drop in the BTC price came as a filing showed fund management titan BlackRock had increased its stake in Michael Saylor’s Strategy, which rebranded its name from MicroStrategy yesterday, to 5% from 4.09% previously. The purchase further increased the giant fund manager’s exposure to Bitcoin-linked assets. Strategy is the biggest corporate holder of Bitcoin. Bitcoin Price Escapes From A Negative Channel 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price was able to break out of a short-term descending channel in the last 24 hours, and is now oscillating between $95,703.66 and $98,063.55. Should traders identify BTC’s current price as a buy opportunity, the leading crypto might end up flipping the $98,063.55 resistance level into support. Thereafter, it could rise to $101,461.81. ...

BlackRock is planning to launch a Bitcoin ETP in Switzerland. This move follows the success of BlackRock’s US Bitcoin ETF. The Bitcoin ETP could boost crypto adoption with the EU’s MiCA regulations. BlackRock Inc., the world’s largest asset manager, is gearing up to launch a Bitcoin Exchange-Traded Product (ETP) in Europe, marking another significant step in the firm’s expansion into the cryptocurrency market. The new ETP product is set to be registered in Switzerland. This move follows the resounding success of BlackRock’s $58 billion US Bitcoin ETF. The success of BlackRock’s US Bitcoin ETF, which by early February 2025 had gathered $57.5 billion in net assets, speaks volumes about the investor appetite for such products. CEO Larry Fink’s remarks at the World Economic Forum in Davos highlighted Bitcoin’s potential as a hedge against currency debasement, suggesting a broader acceptance of cryptocurrencies as a...

According to a new report from $10 trillion asset manager BlackRock, crypto has “outpaced growth for mobile phones and the internet.” Indeed, BlackRock says that the cryptocurrency industry has amassed 300 million users, reaching the milestone quicker than mobile phones and the World Wide Web. https://twitter.com/watcherguru/status/1878877187061010727?s=46 According to NPR, The first cellular mobile phone was used in 1973 and achieved 300 million users in 21 years. The internet, meanwhile, was born on January 1, 1983, and reached 300M users in approximately 15 years, according to data from the University System of Georgia. However, based on the initial price of Bitcoin set in 2009 upon launch, the crypto industry has racked up 300M users worldwide in just 12 years. BlackRock cites several key contributors to the industry’s rapid growth compared to mobile phones and the internet: Demographic patterns: younger generations are more likely to be considered “digital n...

BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark. BlackRock’s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF brought in $68 million and Ark and 21Shares’ ARKB attracted $17.18 million. Grayscale’s GBTC was the only one with negative net flows, recording $7.8 million outflows. The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since launching in January following approval from the US Securities and Commission (SEC). US Spot Bitcoin value. Source: SoSoValue Elevated trade among the spot Bitc...

Bitcoin hit a record of more than $94,000 following the launch of options contracts on BlackRock’s IBIT 289,000 contracts were Calls and 65,000 were Puts, meaning investors were bullish on a Bitcoin price rise Joe Constori said the market is bullish that Bitcoin’s price will reach $100,000 by the end of 2024 Options contracts on BlackRock’s iShares Bitcoin Trust (IBIT) saw “unheard-of” notional exposure levels, helping push Bitcoin to a record of over $94,000. Taking to X, Bloomberg ETF analyst James Seyffart, said: “Final tally of $IBIT’s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That’s a ratio of 4.4:1. These options were almost certainly part of the move to the new #Bitcoin all time highs today.” UPDATE: Final tally of $IBIT's 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k co...

BlackRock’s IBIT spot Bitcoin ETF (exchange-traded fund) saw a record $1.1 billion in inflows after the US Federal Open Market Committee (FOMC) announced a 25 basis points rate cut, sending BTC to a new all-time high (ATH). IBIT saw $1.119  billion enter its reserves on Nov. 7 following two consecutive days of outflows totaling $113.3 million, according to data from Farside Investors. Bitcoin reacted by surging to a new ATH of $76,943, according to CoinMarketCap. BlackRock’s IBIT Leaves Spot Bitcoin ETF Rivals Trailing In The Dust BlackRock’s IBIT fund outperformed its spot Bitcoin ETF rivals by a large margin in terms of inflows yesterday. The second biggest inflows were posted by Fidelity’s FBTC, with $190.9 million being added to its capital reserves.  Other Bitcoin ETF funds, including ARKB, BITB, HODL, GBTC and BTC ,also recorded inflows. Bitwise’s BITB and Ark’s ARKB recorded positive flows of $13.4 million and $17.6 million, re...

US spot Bitcoin ETFs (exchange-traded funds) recorded their worst net outflows yesterday since Sept. 3 after $242.6 million left the investment products. That brought an end to their 8-day streak of inflows, according to data from SoSoValue . This comes after BTC shed up to 6% of its value amid growing geopolitical tensions in the Middle East after Iran fired ballistic missiles at Israel. BlackRock’s IBIT The Only Fund Among The 12 US Spot Bitcoin ETFs To Log Inflows Despite the broader sell-off, BlackRock’s IBIT ETF stood out as the only fund to record positive inflows, with $40.84 million added during the trading session. Fidelity’s FBTC suffered the largest net outflows during Tuesday’s trading session, with investors pulling $144.67 million out of the fund. ARKB, the spot Bitcoin ETF belonging to Ark and 21Shares, recorded the second highest net outflows and its worst outflows since Aug. 27 after $84.35 million left its reserves. The funds belonging to...

In January of this year, the US Securities and Exchange Commission (SEC) approved the first crypto-based ETF in the United States. With a plethora of issuers for the inaugural Spot Bitcoin ETF, BlackRock was among the most notable, with many pondering just how much BTC the asset manager holds in 2024. BlackRock stands alone in regard to traditional finance firms that have turned to Bitcoin this year. Indeed, the $10 trillion asset manager’s CEO, Larry Fink, went as far as to call the leading crypto ‘digital gold.” Thus, clearly reinforcing his belief in its staying power amid a shifting finance sector. Also Read: BRICS: BlackRock Says Crypto Can Protect Against US Economic Crisis BlackRock Has Bought How Much Bitcoin in 2024 So Far? Bitcoin has dominated 2024 so far. The asset has continued to prove its worth as the cryptocurrency sector has received growing interest. In March of this year, the token reached an all-time high of $73,000. Yet, many believe that record co...

Amid BRICS’ opposition to the dollar, asset manager BlackRock has said crypto can protect against a potential US economic crisis. Indeed, the firm noted that its client base has started to embrace Bitcoin for its potential as a hedge against potential trouble for the greenback if some kind of hard landing was to meet the economy. Throughout the last two years, BRICS have firmly embraced de-dollarization. Moreover, that has incited a global shift away from the asset. Now, as local currencies are surging in use within the alliance, the dollar has faced decreased usage. That and macroeconomic factors that jeopardize the country’s outlook have many preparing for the worst. MANHATTAN, NEW YORK, UNITED STATES – 2021/05/25: BlackRock offices in New York City. (Photo by Erik McGregor/LightRocket via Getty Images) Also Read: BRICS: 134 Countries Explore Digital Currencies, US Dollar in Jeopardy BlackRock Says Bitcoin Can Defend Against US Economic Crisis, Dollar Struggles The...

BitMEX founder Arthur Hayes reportedly says that layer-1 blockchain Aptos (APT) is capable of solving many problems for the traditional finance (TradFi) world. In a speech at the recent Aptos Experience conference in Seoul reported by Aptos co-founder Mo Shaikh, Hayes says that his experience in the TradFi world showed him how antiquated the industry is, with large amounts of friction and frequent disputes over settlement delays, currency payments and stock deliveries. The crypto veteran says that a world where TradFi products trade on an Aptos-based decentralized exchange (DEX) could change that. “As an ETF (exchange-traded fund) issuer, you don’t want to deal with all that, so you move all that to an Aptos DEX. With a DEX, you get 24/7 trading and immediate settlement. Why does it take one or two days to settle stock, bond or securities trades in a world where it’s just data moving around? Exchanges resist changing their policies because doing...

BlackRock is reportedly interested in launching a native L2 network compatible with Ethereum. The asset management firm has already delved into multiple top cryptocurrencies over the past year, primarily Bitcoin and Ethereum. Now, the firm aims to expand tokenization, setting expectations for launching a native L2 network. BlackRock has used Ethereum’s chain and has not discussed other potential L1 solutions. However, the company could produce a private L2 chain at any moment, but it would not be natively connected to other assets. The success of BlackRock’s ETFs this year are very likely catalyst for the firm to create a Layer-2 blockchain network. However, with developing an L2, there will be some hurdles. Also Read: BlackRock’s Bitcoin ETF Trading Volume Hits $1.55B in First Hour How difficult would it be for BlackRock to launch an L2 Network? MANHATTAN, NEW YORK, UNITED STATES – 2021/05/25: BlackRock offices in New York City. Founded in 1988, BlackRock, Inc. is an US mul...

BlackRock (NYSE: BLK) has actively accumulated Bitcoin (BTC), especially for the exchange-traded fund (ETF) managed by its subsidiary, iShares (IBIT). Yet, investors wonder if BlackRock is selling its BTC in the face of the recent crash that suddenly shifted the cryptocurrency market‘s sentiment. According to the on-chain analyst known as Maartun , BlackRock could indeed be selling Bitcoin today, on August 7. As reported, monitored BlackRock wallets moved 632 BTC to a recently created wallet. However, the analyst explained that he is unsure whether this is a selling activity on Coinbase or an internal transaction. Transaction 05b1c01a29040d3bca0edb5ca3d8ca822b86402a7e89e61e87da4f6be21fbca3. Source: mempool.space BlackRock’s “not selling” previous behavior Previously, Maartun surprisingly pointed out that BlackRock’s wallets remained untouched despite the crash, following up with the recent Analysis .  ...

Asset management behemoth BlackRock has reportedly already invested in four of the five largest Bitcoin miners by market capitalization. Indeed, the traditional finance entity that shocked the industry by submitting an application for a spot-Bitcoin ETF is noted as the second-largest investor of the four Bitcoin miners. Additionally, data from CompaniesMarketCap has shown that the five largest Bitcoin miners maintain a market cap of $5.4 billion. However, those companies have also noted significant losses over the last 30 days. Subsequently, BlackRock is seemingly buying the dips of some of the largest companies that the industry has to offer.  Source: WazirX Also Read: BlackRock Bitcoin ETF Approval a Matter of “When Not If,” Says Insider BlackRock is A Major Investor in Four of the Five Largest Bitcoin Miners BlackRock stands out as one of the most successful asset management firms in the finance world. The largest asset manager in the world, the firm mana...