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BlackRock, the world’s largest investment firm, accelerated its cryptocurrency buying spree this week, splashing over $300 million on Bitcoin (BTC).  Data from October 20–24 show that the firm’s Bitcoin ETF, IBIT, attracted $324.3 million in net inflows, signaling strong institutional appetite for the leading cryptocurrency despite recent market volatility. According to Coinglass data, BlackRock’s inflows fluctuated but maintained a dominant upward trend. The week began with a net outflow of $100.7 million on October 20, coinciding with mild weakness in Bitcoin’s price.  However, investor sentiment quickly reversed as inflows surged to $210.9 million on October 21, marking a strong rebound that set the tone for the rest of the week.  Momentum continued with $73.6 million added on October 22 and a further $107.8 million on October 23, reflecting renewed institutional accumulation. By October 24, inflows slowed to a more modest $32.7 million. Bitcoin ET...

Citi has assigned a ”Buy” rating to Michael Saylor’s struggling Bitcoin treasury firm Strategy, forecasting 61% upside over the next 12 months based on Bitcoin hitting the bank’s $181,000 price target. Strategy is a ‘’leveraged proxy’’ for Bitcoin’s performance, the Wall Street investment bank said in an Oct. 21 research note. It set a $485 price target for Strategy shares, assuming Bitcoin hits its 12-month price forecast and the company maintains its typical premium to net asset value. But its analysts warned that while the stock offers outsized upside in bull markets, it also magnifies downside losses. A 25% pullback in BTC, they warned, could swing Strategy’s NAV from a 35% premium to a discount and cut the stock’s value by as much as 61%. “The stock presents significant risks due to its positioning as a leveraged proxy for Bitcoin,” Citi analysts said. ”Its value is nearly 100% tied to the someti...

The US SEC will announce its decision on six spot XRP ETFs from Oct. 18 to Oct. 24. The six ETF applicants are Grayscale, 21Shares, Bitwise, CanaryCapital, CoinShares, and WisdomTree. If approved, it will mark the first instance of a spot XRP ETF in the US. Let’s discuss what investors and market participants can expect. Will The SEC Approve XRP ETFs This Month? Source: Shutterstock The SEC rolled out new generic listing standards for commodity-based trust shares on Sept. 17. The move made the approval process easier to help “foster innovation.” The move aligns with the SEC’s pro-crypto stance after President Trump took office. There is a very high chance that the SEC will approve at least one XRP ETF this year. SEC chair Paul Atkins has said that he is determined to propel the crypto industry in the US. President Trump has also said that he wants to make the US a global crypto hub. XRP, being a US-based crypto project, could benefit from the current administration’s p...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

While the larger cryptocurrency market is facing a correction, Avalanche (AVAX) seems to be defying the trend. According to CoinGecko, Avalanche (AVAX) has registered a 9.8% rally in the last 24 hours, a 17.5% rally in the last week, a 36.5% rally in the 14-day charts, and 33.5% over the previous month. AVAX’s rally is quite surprising, given that most other crypto assets are trading in the red zone today. Let’s discuss why AVAX is behaving differently. Source: CoinGecko What’s Behind Avalanche’s Anomalous Rally? Source: Securehindi Avalanche’s (AVAX) divergent upswing could be due to updates around Grayscale’s Avalanche Trust. According to reports, the project has submitted a filing to convert the trust into a spot ETF. Grayscale initially submitted its S1 filing in late August. The decision to convert the trust into a spot ETF may have boosted investor confidence. Avalanche (AVAX) also witnessed a breakout rally in mid-September after Bitwise applie...

Ripple (XRP) is the latest market rage, and this obsession seems to be growing with time, with the XRP ETF momentum gaining speed again. The market is currently buzzing with the latest speculations, with leading analysts around the world predicting how high XRP can truly surge if XRP ETFs are approved by the end of the year. Will these ETFs play an elemental role in shaping the future of XRP? Also Read: XRP Price Prediction For Today, Tomorrow & The Next 2 Weeks Analysts Forecast: How High Can XRP Surge as ETF Mayhem Intensifies? Source: Ontime.id The XRP ETF murmurs have once again started to gain significant momentum. Brad Garlinghouse, the CEO of Ripple, was recently seen sharing his insights on the latest Exchange Traded Fund developments. Garlinghouse was quick to add that there’s a high chance that XRP ETFs may arrive before the end of this year, ushering in a wave of excitement for XRP enthusiasts to explore and be part of. Ripple’s Brad Garlinghouse declares $XRP is poised...

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Litecoin has become one of the leading assets in the cryptocurrency market as of late. The token has become a center of massive whale momentum and activity, sparking new price pathways for the token to bank on. The latest Litecoin news consists of new whale momentum sweeping the token off its floor. Will this surge in whale activity signal a massive price push for the token in the near future? Why are whales interested in LTC at the moment? Let’s find out. Also Read: Dogecoin Investors Ask: Hold, Buy More DOGE or Exit Now? Whale Activity and Litecoin: What’s Happening? Source: The Coin Republic As per the latest Santiment update, Litecoin has emerged as one of the latest crypto whale attractions. Nearly 181K Litecoin tokens have been scooped up by whales in the last 24 hours, signaling a massive shift in the crypto market scene. Litecoin has been garnering attention as of late due to its buildable ETF momentum. Nearly 1K wallets were noted, adding 181K Litecoin tokens. This ...

US President Donald Trump’s son, Eric Trump, was expected to attend a Metaplanet shareholders meeting today as the company prepares to vote on an $884 million capital raise to expand its Bitcoin holdings. That’s after the company announced its latest Bitcoin buy today of 1,009 BTC for about $112 million, pushing its BTC holdings to 20K. That made the company t he sixth-largest corporate Bitcoin holder, overtaking Riot Platforms, data from Bitcoin Treasuries shows.  Trump To Attend Metaplanet Vote As Declining Share Price Puts Pressure On BTC Funding The shareholders meeting will focus on whether the company should sell up to 550 million new shares to overseas investors. Should the move get approved, it could see Metaplanet raise about $884 million to bolster its already-large BTC reserves.  Metaplanet has already said that a bulk of those proceeds will be used to purchase more BTC.  The efforts to raise capital from offshore investors come as Metaplanet...

Banking giant Goldman Sachs reportedly believes that stablecoins have significant growth potential in the payments sector. Goldman Sachs analysts say in a new research paper, as seen by Fortune, that blockchain-based currencies pegged to the US dollar or other fiat currencies could grow into a market worth trillions. “Visa sizes the addressable market for payments at ~$240 trillion in annual payment volume, with consumer payments representing ~$40 trillion of annual spending. B2B (business-to-business) payments comprise roughly ~$60 billion while P2P (peer-to-peer) payments and disbursements comprise the remainder. As such, payments are the most obvious source of (total accessible market) expansion for stablecoins over the longer term. This opportunity is largely untapped so far, with the majority of stablecoin activity being driven by crypto trading activity and demand for dollar exposure outside of the US.” The bank’s analysts also say that Ci...