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Showing posts with the label cryptocurrency investment

BlackRock just bought 4x more Bitcoin than every other BTC ETF combined

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Last week was one of the most impressive periods for crypto exchange-traded funds (ETFs), in particular Bitcoin (BTC). BlackRock was one again ahead of its rivals, recording $446 million worth of BTC inflows on Thursday, October 2, and another $791.55 million on Friday, October 3, according to data retrieved by Finbold from SoSoValue To put things into perspective, Fidelity, for example, saw only $69.58 million added on Friday, while Ark’s net assets rose by $35.48 million. Out of 12 spot Bitcoin ETFs, only five saw no changes at the week’s close, while the rest were in the green. However, the numbers become more staggering when we consider that BlackRock’s net additions were more than four times higher than those of its competitors combined ($193.5 million). Spot BTC ETFs. Source: SoSoValue The overall daily inflows on October 3 were thus at $985.08 million, bringing the weekly total to $3.24 billion. New BlackRock Bitcoin ETPs  The world’s largest...

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

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XRP Will Not Stop Until It Hits $50: Analyst Spots Unique Ripple Signs

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Ripple (XRP) is undoubtedly soaring ahead, innovating and experimenting along the way. The token is currently eyeing major price targets and is also targeting global institutional adoption at a steady pace. Ripple (XRP) has consistently been busy building unique use cases, which one analyst has closely tracked to support a theory: a proposition that asserts there is no stopping XRP until it reaches $50 in the coming years. Here’s how it may all happen. Also Read: Ripple CEO Invited to Testify in Front of Senate Banking Committee XRP to $50? A bold yes, states Analyst Source: Finance Magnates Notable cryptocurrency analyst Vincent Van Code has shared a new Analysis on XRP, spotting patterns that could help XRP hit the ambitious $50 mark in the future. In one of his recent statements on X, Van Code stated how several cues and patterns are indicative of an XRP bull run to $50, which include master account approval and RippleNet capturing 20% to 30% of the cross-border payment market...