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Showing posts with the label institutional adoption

BlackRock Solana & XRP ETFs: $1B BUIDL Fund Surge

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Blackrock‘s Solana & XRP ETFs are right now expected to be like the next move from the world’s largest asset manager. This applies especially as its BUIDL fund just hit a whopping $1 billion in value. Some of the biggest institutions want more crypto investment at the time of writing, with more options beyond just the classic Bitcoin and Ethereum. We can’t wait! BlackRock BUIDL Fund – Source: RWA.xyz Also Read: BRICS: The US Dollar Has Become a Problematic Currency BlackRock’s Crypto Expansion: Solana & XRP ETFs, BUIDL Fund Growth Source: Ledgerinsights BlackRock to File for Solana and XRP ETFs Nate Geraci, president of The ETF Store, thinks BlackRock will soon enter both the Solana ETF and XRP ETF markets. Geraci said: “BlackRock will file for both solana & xrp ETFs. Solana could be any day. Think xrp once SEC lawsuit concluded.” The timing for XRP depends on finishing that SEC case, while Solana applications might happen much sooner. And since...

Crypto trader makes $77 million on a $3k investment

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Cryptocurrencies hold the potential to significantly transform global financial systems — either through reconfiguring the mechanisms of transaction or serving as a new store of value.  Even with all of the institutional adoption and increasing mainstream appeal seen over the last couple of years, it’s important to note that these factors are still nascent — and that the primary drivers in this new space are still speculative investments. While instances of savvy traders turning pennies into generational wealth have become a rarer sight as the industry matures, they do still happen. As of late, most such trades have been in the domain of meme coins — with risky, short-term gambits. Picks for you Quantum computing fears liquidate $1.6 billion of crypto trades in a day – What’s next? 2 hours ago ...

MicroStrategy makes largest ever Bitcoin buy

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Under Michael Saylor’s leadership, MicroStrategy (NASDAQ: MSTR) has become the publicly-traded company that has most closely tied its prospects to leading cryptocurrency Bitcoin (BTC). The business is the largest corporate holder of Bitcoin — and there are no signs to indicate that its accumulation strategy is slowing down. With the bull market already in full swing and BTC set to cross the $100,000 threshold any time soon, MSTR shares have benefited greatly. Chart detailing MicroStrategy’s Bitcoin accumulation. Source: Bitcoin Archive on X Saylor and MicroStrategy keep doubling down and purchasing BTC regardless of market conditions — but for now, it obviously seems to be working, as the accumulation strategy is outpacing even the most fervent miners — more to the point, it’s actually outperforming BTC itself. At press time, one Bitcoin was worth $97,930,000 — after a 46% rally on the monthly chart that has brought YTD gains up to 132.03%. ...

Finance experts predict Bitcoin price for Halloween 2024

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Despite cryptocurrency investors’ high hopes in the weeks leading up to October, the start of the month – historically notable for the strong performance of digital assets – Bitcoin (BTC) has been trading lower at the beginning of the month. Indeed, after seemingly breaking the trend of lower highs followed by lower lows – an event that hinted at a possible rally toward $70,000 BTC experienced a sharp price crash on October 2. However, it recovered to $64,197 thanks to a strong rally on the morning of October 7. To be precise, the world’s premier cryptocurrency dropped from over $64,000 to just under $61,000 as Iran unleashed one of the biggest missile attacks against Israel in retaliation for a string of assassinations carried out against the country’s allies and officers. Picks for you Banking giant sets new recession pr...