>> LIVE FROM BLOOMBERG’S WORLD HEADQUARTERS IN NEW YORK, I’M KATIE GREIFELD IN FOR SCARLET FU. TIM: AND I’M TIM STENOVEC. WELCOME TO BLOOMBERG CRYPTO, A LOOK AT PEOPLE, TRANSACTIONS, AND TECHNOLOGY SHAPING THE WORLD OF DECENTRALIZED FINANCE.KATIE: CRYPTO PRICES GETTING HIT AS INVESTORS REMAIN ON EDGE AFTER PRESIDENT TRUMP’S DEADLINE FOR IRAN TONIGHT. TIM: WE’LL SPEAK WITH THE C. E.O. OF SHARP LINK ABOUT ALL THIS PRICE VOLATILITY AND THE DRAMATIC DROP ACROSS THE BOARD FOR DIGITAL ASSET THREATS. KATIE: AND TH ...

RT Crypto.com Research & Insights (@cryptocom_rni)Crypto Market Pulse:⚖️ BTC's 1-year volatility is stable, suggesting long-term investor confidence🏛️ The White House cleared a proposal allowing digital assets and alternatives in 401(k) plans🇫🇷 BNP Paribas launched Bitcoin and Ether ETNs in FranceThe details 👇https://t.co/0xY5xFV2BJ ...

Company Overview - 21shares is one of the world's largest issuers of cryptocurrency exchange traded products (ETPs) and offers a significant suite of crypto ETPs in the market [4] - The company aims to make cryptocurrency more accessible to investors and bridge the gap between traditional finance and decentralized finance [4] - Founded in 2018, 21shares has a seven-year track record of creating crypto ETPs listed on major securities exchanges globally [4] Recent Announcements - 21shares announced distributions from staking rewards earned by its Ethereum ETF (TETH) and Solana ETF (TSOL) [1] - The distribution for TETH is $0.012530 per share, and for TSOL, it is $0.016962 per share, both payable on March 31, 2026 [2] Product Details - TETH and TSOL are not direct investments in Ether or Solana, and they are subject to heightened volatility [3][12] - The Trusts may participate in staking to generate additional rewards, which introduces operational, technological, regulatory, and counterparty risks [8][9] - Staking can enhance returns but also creates liquidity constraints and potential loss of staked assets [8][9] Corporate Structure - 21shares operates as a subsidiary of FalconX, leveraging its resources while maintaining independent operations [5] - The company is backed by a specialized research team and proprietary technology, enhancing its investment solutions [4]

Market Overview - Bitcoin has fallen to its lowest level in over three weeks, dropping as much as 5% to $65,522, the lowest since March 2, and has been trading between approximately $60,000 and $75,000 recently, significantly below its October 2025 peak of around $126,000 [2][3] - Ether, the second-largest digital token, also experienced a decline, falling about 4% to $1,980 [2] Options Expiry Impact - Approximately $14 billion of Bitcoin options expired recently, coinciding with a significant increase in bearish sentiment among traders, who are anticipating a prolonged conflict in the Middle East and potential stagflation [3][4] - The highest open interest is now in $60,000 puts, indicating increased demand for downside protection, with a put/call ratio of 1.3 over the past 24 hours [5] Market Sentiment and Trends - The market is showing a shift in directional intent following the options expiry, with traders' positions reflecting concerns over ongoing geopolitical tensions and their economic implications [4][6] - A credible ceasefire in the Middle East could potentially push Bitcoin above $75,000, leading to further gains as bearish positions are unwound [7] ETF Inflows and Outflows - March has seen about $1.4 billion in net inflows into Bitcoin ETFs, marking a stabilization after four consecutive months of net outflows, although recent allocations remain sensitive to macroeconomic shifts [8] - On Thursday, investors withdrew $171 million from spot ETFs, indicating ongoing volatility in investor sentiment [8]

Fidelity Wise Origin Bitcoin Fund (NYSEMKT:FBTC) and iShares Ethereum Trust ETF (NASDAQ:ETHA) both offer pure-play access to a leading cryptocurrency, ETHA posted a larger drawdown than FBTC over the same horizon, reflecting ether’s higher historical volatility. FBTC remains the larger fund by assets under management. Both Fidelity Wise Origin Bitcoin Fund (NYSEMKT:FBTC) and iShares Ethereum Trust ETF (NASDAQ:ETHA) aim to track the price of a single digital asset: bitcoin and ether, respectively. They pr ...

Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), the native token of the Ethereum blockchain, are the world's two most valuable cryptocurrencies. They're both considered "blue chip" tokens with more staying power than the smaller altcoins and meme coins. Over the past three years, Bitcoin's price has risen 145%, while Ether's has increased only 16%. But over the next three years, Ether could have a shot at outperforming Bitcoin again. Will AI create the world's first trillionaire? Our team just released a re ...

Core Insights - Bitcoin's price fluctuated around the $70,000 mark, ultimately closing down 5% from the previous week's highs, with a year-to-date decline of approximately 19% and sitting about 43% below its record close from October 2025 [3] - Ether's price also saw a decline of over 8% this week but remained above the $2,000 threshold for the second consecutive week, with a year-to-date drop of around 27% and approximately 55% below its record close from August 2025 [4] - XRP, launched in 2012, was once among the larger cryptocurrencies but has since been overshadowed by newer entrants in the market [5] Cryptocurrency Overview - Bitcoin is recognized as the first cryptocurrency and has evolved into a mainstream financial asset since its inception in early 2009, characterized by volatility yet also resilience [2] - Ether, launched in July 2015, operates on the Ethereum blockchain and holds the second-largest market share among cryptocurrencies [4] - An index has been developed to compare Bitcoin, Ether, and XRP, utilizing a logarithmic scale to illustrate relative percentage changes and long-term growth rather than absolute price fluctuations [6] ETF Developments - On January 10th, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund, marking a significant development in the cryptocurrency investment landscape [7] - On July 23rd, 2024, multiple spot Ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF, providing new investment opportunities in the Ether market [8]

Group 1 - Bitcoin rose more than 5% to a high of $71,794 following US President Trump's announcement of talks with Iran, which raised hopes for easing conflict [1] - Bitcoin had previously fluctuated around a two-week low, dropping to $67,371, its lowest since March 9, amid volatility due to the Iran conflict [2] - The crypto market sentiment appears less severe compared to late February, indicating a potential stabilization [3] Group 2 - The initial rise in Bitcoin was linked to Trump's decision to delay strikes on Iranian energy facilities, contributing to a broader rally in risk assets, including a 1.5% gain in the S&P 500 [4] - Analysts suggest that a de-escalation in the Middle East could stabilize markets, leading to oil price stabilization and improved risk sentiment [5] - Iran's parliament speaker dismissed Trump's claims about negotiations as "fake news," indicating ongoing tensions despite the US's optimistic outlook [5]

Core Viewpoint - Bitcoin's price increased significantly following US President Trump's announcement to postpone military strikes on Iranian energy infrastructure, reflecting a positive market reaction to geopolitical developments [1][4]. Group 1: Bitcoin Market Reaction - Bitcoin rose as much as 5.2%, trading around $71,400 on Monday morning in New York [1]. - Prior to this rise, Bitcoin had been fluctuating around a two-week low, dropping to $67,371, its lowest since March 9 [2]. - Smaller cryptocurrencies like Ether and Solana also experienced price increases alongside Bitcoin [1]. Group 2: Geopolitical Influence - Geopolitical news has significantly influenced market sentiment, alleviating recent pessimism [4]. - Trump's comments about positive discussions with Iran initially boosted stock prices, with the S&P 500 opening up 1.5% [4]. - However, gains were moderated after Iranian media denied any contact, indicating the volatility of market reactions to geopolitical events [4]. Group 3: Market Flows and Future Outlook - Inflows into US exchange-traded funds linked to Bitcoin turned negative, indicating weakened support for Bitcoin's price [5]. - Analysts suggest that a de-escalation in the Middle East or a return to normal traffic through the Strait of Hormuz could stabilize markets [5]. - Without such developments, the cryptocurrency market is expected to remain under pressure [6].

Core Insights - The regulatory environment for the crypto industry is becoming clearer, with recent guidance from the SEC and CFTC classifying 16 cryptocurrencies as "digital commodities" [2][6] - This new framework is expected to significantly benefit certain cryptocurrencies, particularly Ethereum and Solana, by clarifying the legal status of staking [2][6] Regulatory Developments - On March 17, the SEC and CFTC issued guidance that classifies 16 cryptocurrencies, including Ethereum, Solana, XRP, Cardano, Chainlink, Bitcoin, and Dogecoin, as digital commodities [2] - The guidance clarifies that most forms of staking do not involve the offer or sale of a security, which is crucial for institutional participation [5][6] Staking Insights - Staking is the process where holders lock their coins to validate transactions on a proof-of-stake blockchain in exchange for yield [4] - Ethereum has approximately 37 million Ether coins staked, representing about 29% of its total supply, valued at over $80 billion [7] - Solana's staking ecosystem is more mature, with around 68% of its supply staked, yielding annual returns of about 6% to 7% [7] Market Implications - The clarification on staking allows institutional capital to flow into staking services, potentially driving up the prices of Ethereum and Solana as capital is converted into these cryptocurrencies [8] - The competitive staking yields of Ethereum and Solana are expected to attract more investment, comparable to traditional yield sources like Treasury bonds [8]