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According to Arkham Intelligence data, BlackRock has sold Bitcoin (BTC) to purchase more Ethereum (ETH). The move may be due to the world’s largest asset manager expecting further market volatility. BTC’s price has faced a shallow correction over the last few weeks. ETH, on the other hand, seems to be making some slight gains. BlackRock sold $BTC and bought $ETH.https://t.co/qmuDIrP9my pic.twitter.com/220YCdZNxp — Lookonchain (@lookonchain) June 3, 2025 Bitcoin Slides As Ethereum Gains Amid BlackRock’s Shuffle Source: DigitalX BTC hit an all-time high of $111,814 on May 22. BTC’s upswing triggered a market-wide rally. Many crypto assets saw increased inflows following BTC’s price surge. The rally was likely due to a spike in institutional investments. BlackRock alone purchased more than $3 billion worth of BTC in May. BTC has seen a 0% change in the last 24 hours. The asset is down by 3.2% over the last week and 1% in the 14-day charts. Despite the do...

Ripple’s XRP token faced a correction over the last few days. The asset’s price has fallen 8% over the previous week. Despite the correction, XRP has rallied 0.6% in the daily charts, 11.7% in the 14-day charts, 11.8% over the previous month, and 343.2% since May 2024. The rally comes after Bitcoin (BTC) pushed ahead to the $107,000 mark. Also Read: PLTR: Palantir Falls 3% on $178M Army AI Deal, BofA Eyes $150 Source: CoinGecko XRP Slides As SEC Delays ETF Source: Decrypt XRP’s latest price dip came after the SEC announced it would delay its decision on three spot ETF applications for Dogecoin (DOGE) and XRP. The move came as a surprise to many, given that the SEC now has a pro-crypto head, Paul Atkins. Also Read: 71% Say Bitcoin Will Reclaim Its Peak by May End, Are They Right? The latest rebound came after Bitcoin (BTC) climbed to the $107,000 level. The original cryptocurrency is close to hitting a new all-time high. Ripple’s XRP token and the general crypto m...

Summary ⚈ XRP is consolidating near $2, eyeing a breakout toward $2.50 if key support levels hold ⚈ Bullish sentiment dominates the asset, with 71% of futures traders expecting a price rise ⚈ Legal and ETF developments could trigger major price moves XRP is consolidating just above the $2 mark, with the asset’s next push toward the $2.50 level dependent on key price zones. To this end, FenzoFxBroker Analysis indicated that for the asset to reclaim $2.50, the resistance at $2.35 remains a key level to clear.  In a TradingView post, the Analysis suggested that a clear break above this barrier could pave the way for a push toward the psychologically significant $2.50 mark,  an elusive level in recent trading sessions. XRP price analysis chart. Source: TradingView XRP must hold above the $2.120 support zone to maintain its bullish bias. A failure to do so could signal weakness, potentially leading to a decline toward the $2.034 support.  ...

The OG meme cryptocurrency Dogecoin (DOGE) has been making news after 21Shares filed for a spot DOGE exchange-traded fund (ETF) in the US. The asset had been struggling in terms of price for a while now. But the entire market was seen recovering throughout the past 24 hours. DOGE was one among them as it jumped from a low of $0.1432 all the way to a high of $0.164. The asset has, time and again, managed to jump in terms of price. A look back at its growth from its lowest point until the present day highlights DOGE’s resilience. Also Read: Sanctions on Russia Are Rapidly Accelerating De-dollarization Dogecoin’s Daily Price Growth Source: Watcher Guru Also Read: Pi Network Surges 100% After Breakout: Is $1.87 the Next Target? Despite the arrival of a plethora of new meme coins, Dogecoin has remained the largest. Some even entered the market as ‘DOGE Killers’ but failed to shake up the asset. At the time of writing, the meme coin was trading at $0.1557. This comes a...

The XRP price surged 7% as asset manager Teucrium Investment Advisors said it will launch the first-ever XRP ETF (exchange-traded fund) in the US today. The Teucrium 2x Long Daily XRP ETF, which will start trading under the ticker XXRP on the NYSE Arca exchange, aims to not only offer investors an alternative way to gain exposure to the altcoin, but also to give investors twice the daily return of XRP . “If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,” the asset manager said. The fund will include a management fee of 1.85% and an annual expense ratio, according to the alternative investment manager’s website . Distributions will be paid out monthly, and the fund currently has over $2 million in total net assets. Analyst Calls Leveraged Offering “Odd” Bloomberg ETF analyst Eric Balchunas commented on the Teucrium XRP ETF in an April 7 X post, saying it’s “very odd...

Investment manager VanEck has filed to establish a trust entity for the first BNB ETF (exchange-traded fund) in the US. Public records from the official Delaware state website show the firm registered the VanEck BNB ETF on March 31 under the filing number 10148820. Former Binance CEO Changpeng Zhao, aka CZ, shared the news in an X post earlier today.  VanEck BNB ETF First Of Its Kind In The US The formation of a trust is one of the first steps a company takes when in the process of launching an ETF. VanEck’s proposed BNB ETF now heads to the US Securities and Exchange Commission (SEC) for review. Should VanEck’s proposed BNB ETF receive the regulatory nod from the SEC, it will mark the first fund of its kind that tracks Binance Coin, which is the 5th largest crypto by market cap, in the US.  It is, however, not the first BNB-related product. 21Shares has already launched its Binance BNB ETP outside of the US.  BNB’s price underwent a 24-hour ret...

The cryptocurrency market has failed to live up to expectations throughout the year so far. Although favorable regulation in a host of markets is expected, prices have not followed the optimism. However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons. Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided to drop its years-long legal battle with the crypto firm. Indeed, there are many who are expecting the asset to surge in value, but the big question is: when will that increase take place? Source: Watcher Guru Also Read: Ripple: How High Will XRP Surge In April 2025? Ripple Falls Below $2.20 This Week: Are Big Things Still Ahead for XRP? There is no denying that 2025 was set to be a massive year for XRP. The token was set to be propelled by the recent end to its ongoing SEC lawsuit. Moreover, its price was going to be greatly affected by both the market and its own merit. That would b...

Ripple (XRP) has largely been gaining widespread momentum due to its skyrocketing popularity. Ripple is leaving no stone unturned to push XRP to hit new collaborations and, at the same time, help the entire ecosystem inch closer to its goal of establishing global financial dominance. Is XRP on the verge of hitting a new high? Let’s find out. Also Read: XRP ETF Filing Accepted by SEC —Is Crypto’s Next Big ETF Wave Coming? Ripple Charts A New Path Source: Bitcoin.com Ripple (XRP) is currently gaining the spotlight due to many reasons. Firstly, the token is currently gaining widespread attention due to the spree of ETF applications that have been filed to launch XRP ETFs. In this wake, the US SEC has already acknowledged Grayscale’s XRP ETF application, prompting the XRP community to anticipate the launch news soon in the near future. SO, for everyone asking what this means — the SEC has *acknowledged* @Grayscale/@NYSE’s 19b-4 application to convert its $XRP Trust into an ETF. No, it...

The Bitcoin price surged 2% in the last 24 hours to trade at $72,146 as of 04:24 a.m. EST on trading volume that surged 10% to $52.16 billion. This comes as the BTC price hit a high of $73,577 on Oct. 29, just shy of the all-time high price of $73,750 recorded in March this year. Bitcoin is up 111.8% in the past year, after starting 2024 in the $42K range, according to CoinGecko . This comes as US spot BTC ETFs (exchange-traded funds) saw over $870 million in net inflows on Tuesday, the third highest since launch, with BlackRock’s IBIT leading the way with a $629 million influx. Bitcoin Price Bulls Aim To Sustain The Bullish Stance The Bitcoin price is trending within an upward channel marked by two orange lines. This channel, starting around August, represents a bullish trend with higher highs and higher lows, indicating growing buying pressure. BTC/USD Analysis on the 1-day chart is trading near the top of this channel at around $71,000, which is a resistance level...

A development that continues the firm’s record-setting ways, BlackRock ($BLK) recently surpassed $11.5 trillion in assets under management. The figure is now a new record, with the asset manager setting a new high for the third straight quarter. Thus far, 2024 has continued to establish them as the most prominent asset managers on the planet. The firm received a notable boost from increased inflows into its exchange-traded funds (ETF). In January, they were one of eleven inaugural issuances of the first crypto-based ETF in the United States. Just a few months later, they featured both a Bitcoin and Ethereum investment option that has only magnified their economic presence. JUST IN: BlackRock $BLK surpasses $11.5 trillion in assets under management. — Watcher.Guru (@WatcherGuru) October 11, 2024 Also Read: Ethena Labs to Launch New Stablecoin Backed by BlackRock BlackRock Assets Under Management Hits Yet Another Record in 2024 There have been few asset managers with the kind ...

YieldMax, a firm specializing in exchange-traded funds (ETFs), has filed to launch a novel yield-bearing ETF based on shares of Michael Saylor’s Bitcoin (BTC) holding company, MicroStrategy. According to a Dec. 7 filing with the U. S. Securities and Exchange Commission (SEC), the proposed ETF, named Option Income Strategy ETF, is scheduled for a 2024 release and will trade under the ticker MSTY. This ETF employs a “synthetic covered call” strategy, which involves a combination of buying call options and selling put options to generate income. This income is then planned to be distributed monthly to MSTY ETF holders. Interestingly, the ETF will not hold any spot MicroStrategy shares but will solely focus on trading MSTR derivatives . To mitigate risks, the fund will cap its monthly gains from call options at 15%. This strategy means that the monthly yields from the ETF are not directly tied to the performance of MicroStrategy’s stock. Therefore, investors co...