Investors are comparing Bitcoin and gold as macro and geopolitical tensions impact both assets, triggering significant liquidations. Gold recorded an all-time high of $5,608 per ounce on Jan. 29, according to Trading Economics data. However, the asset, with a market cap of just over $36 trillion, fell by 4.7% over the past day to $5,180. Macro Pressures Weigh on Bitcoin and Gold Bitcoin has been on a downward spiral since the US Fed’s interest rate decision, which remained unchanged on Jan. 28. The l ...

Ethereum continues to build long-term value even as its price struggles to reflect the progress. SharpLink CEO Joseph Lubin recently highlighted this disconnect: Ethereum keeps delivering on core upgrades and adoption milestones, yet short-term traders remain focused elsewhere. So why is crypto crashing despite wider adoption and normalisation? Ethereum remains the leading platform for decentralized applications, powering automated financial tools and smart contracts that operate without intermediaries. ...

Crypto speculation has moved from exchanges to brokerage accounts. Spot Ethereum ETFs let investors bet on the second-largest cryptocurrency without managing wallets or private keys. ...

Group 1 - Morgan Stanley has filed for spot Ethereum exchange-traded funds (ETFs), aiming to track ETH's price and pass staking rewards to shareholders, marking a significant move in the crypto ETF market [1][3] - The bank also submitted ETF applications for Bitcoin and Solana, indicating its first involvement in the crypto ETF segment, approximately two years after the US saw a rise in crypto-focused ETFs [2][3] - This filing reflects a broader trend among established Wall Street institutions to increase their engagement with digital assets, as Morgan Stanley manages $1.6 trillion in assets and seeks to broaden client exposure to cryptocurrencies through regulated investment products [3] Group 2 - Bank of America has begun allowing wealth management advisors to recommend a portfolio allocation of 1% to 4% in cryptocurrency, following similar moves by other major firms like BlackRock and Fidelity [4] - Despite the endorsement from Morgan Stanley, the crypto market is experiencing heightened volatility, with a significant decline in market capitalization, shedding approximately $600 billion since October [5][7] - Institutional ownership in the Bitcoin market has increased from 20% to 28%, indicating a shift towards professional holders amidst a backdrop of retail investors facing losses [6]

Core Insights - Spot Bitcoin ETFs experienced a return to net inflows, attracting $355 million after a week of losses, indicating a potential recovery in market sentiment [1][2] - The inflow ended a seven-day outflow streak that saw $1.12 billion withdrawn from these funds, reflecting a shift in investor behavior amid low trading volumes and weak prices [2][3] Inflows and Performance - BlackRock's iShares Bitcoin Trust led the inflow with $143.75 million, followed by Ark 21Shares Bitcoin ETF with $109.56 million, and Fidelity's Wise Origin Bitcoin Fund with $78.59 million [3] - December has been challenging overall, with total outflows for the month reaching $744 million, as traders reduced exposure during the year-end slowdown [4] Market Liquidity and Sentiment - The shift in Spot Bitcoin ETFs flow is linked to improvements in global liquidity, with indications that dollar liquidity reached its lowest point in November and has been improving since [5] - The Federal Reserve is set to inject over $8 billion into markets through upcoming US Treasury bill purchases, which may further support market sentiment [6] Broader Market Trends - Spot Ethereum ETFs also saw a reversal, ending a four-day outflow streak with $67.8 million in net inflows after earlier losses exceeding $196 million [6] - Spot XRP ETFs continued to show strong demand, extending their inflow streak to 30 days with an additional $15 million added [7]

Core Insights - The SEC has established criteria for digital assets to be eligible for commodity-based trusts, requiring them to trade on surveilled markets and have a six-month history of futures trading [1][2] - The approval of generic listing standards for commodity-based trusts is expected to significantly increase the number of available ETF products for investors [8] ETF Market Dynamics - Spot Ethereum ETFs have seen $12.6 billion in net inflows since their launch, with a peak inflow of $1 billion in a single day as Ethereum approached an all-time high [4] - Spot Bitcoin ETFs generated $57.7 billion in net inflows since their debut in January 2024, marking a 59% increase from $36.2 billion at the beginning of the year [6] - Investors invested $1.2 billion into spot Bitcoin ETFs on October 6, as Bitcoin neared an all-time high above $126,000, but withdrew $900 million when the price fell below $90,000 on November 11 [5] Emerging Cryptocurrencies - ETFs tracking XRP and Solana have been introduced, with XRP generating approximately $883 million and Solana $92 million in net inflows since their respective launches [13][11] - The debut of Solana ETFs was notable for sharing staking rewards with investors, following new guidance from the U.S. Treasury Department and IRS [13] Institutional Interest - Vanguard plans to allow its 50 million customers to trade some spot crypto ETFs, indicating a shift in institutional interest towards crypto assets [16] - The transition from retail to institutional investors is seen as beneficial for the long-term sustainability of the asset class, potentially leading to reduced volatility [22] Index ETFs - Hashdex launched the first spot ETF tracking multiple digital assets in the U.S., which holds various cryptocurrencies, including Cardano and Chainlink [17] - A group of index ETFs now offers exposure to 19 digital assets, with several asset managers debuting similar products [18]

🚨JUST IN: BITCOIN SPOT ETFS SAW $195M IN NET OUTFLOWS ON DEC. 4, SPOT ETHEREUM ETFS POSTED $41.57M IN NET OUTFLOWS, WHILE SPOT XRP ETFS SAW NET INFLOW OF $12.84M ...

Core Insights - Bitmine Immersion Technologies (BMNR) has acquired an additional 14,618 ETH, valued at approximately $44.34 million, amid increasing institutional interest in Ethereum [2][3][4] - The firm continues to buy the dip, capitalizing on the recent inflows into spot Ethereum ETFs, particularly from major players like BlackRock and Fidelity [5][6] - Bitmine Immersion now holds a total of 3.6 million ETH, representing 3% of the total Ethereum supply, with an enterprise value of $12.19 billion and total crypto holdings of $11.2 billion [4] Company Performance - BMNR stock closed at $31.74, reflecting a 9.79% increase, with an additional 3.65% rise in after-hours trading [7] - Institutional ownership of BMNR shares has surged from 10 million to 100 million shares within a month, indicating growing confidence among institutional investors [7] Market Trends - Ethereum's price is currently trading at $3,019, having increased nearly 15% over the past week, with a trading volume decline of 31% in the last 24 hours [8] - Analysts predict a potential breakout in Ethereum's price, with expectations of reaching the $3,300-$3,400 range if it closes the week above $3,000 [10]

Market Overview - The crypto market outlook is deteriorating, with Bitcoin dropping below $90,000 for the first time since April, down 4.5% in the last 24 hours due to movements from Mt. Gox wallets, involving approximately 185.5 BTC valued at $16.8 million [1] - Despite a recent uptick in buying pressure, Bitcoin's price has fluctuated, recovering from an intraday low of $89,368 to $91,474, while the total market capitalization of all cryptocurrencies has decreased by 20% from $4 trillion on October 14 to $3.2 trillion [2] Institutional Activity - The market is experiencing a shift from a momentum phase to a risk-management phase, with institutional demand declining and spot Bitcoin ETFs seeing outflows of $2.59 billion in November, approaching February's total of $3.56 billion [3][4] - BlackRock's Bitcoin ETF has recorded a significant outflow of $463 million, marking the worst week for crypto funds since February, while Ethereum ETFs also faced substantial outflows of $728.57 million [3] Market Sentiment - The outflows from exchange-traded funds are attributed to macroeconomic uncertainty, profit protection from earlier investments, and portfolio rebalancing after a strong crypto rally compared to traditional assets in 2023 [4] - Experts indicate that institutions are not exiting due to negative long-term sentiment but are responding to a lack of catalysts and a temporary shift towards risk-off positioning [5] Price Predictions - There is speculation that Bitcoin could revisit the $82,000 to $85,000 range if bearish flows continue, as this area aligns with long-term holder cost basis and ETF inflow clusters [6] - The probability of Bitcoin reaching $115,000 before hitting $85,000 has significantly decreased from 66.7% on November 13 to 25% as of Tuesday [6]

Spot Bitcoin ETF Inflows - Spot Bitcoin ETFs experienced a total net inflow of $103 million [1] - Fidelity ETF FBTC received the largest single-day net inflow at $133 million [1] Spot Ethereum ETF Inflows - Spot Ethereum ETFs recorded a total net inflow of $236 million [1] - None of the nine Spot Ethereum ETFs saw a net outflow [1]