BlackRock adds BTC ETF to $150B model portfolio product
BlackRock, one of the world’s largest investment firms with a whopping $11.5 trillion in assets under management, has made a bold move by adding a Bitcoin exchange-traded fund (ETF) to its $150 billion model portfolio product. This decision has sent shockwaves through the financial world, as it marks a significant step towards mainstream adoption of the leading cryptocurrency.
The news of BlackRock’s Bitcoin ETF inclusion was announced on their official website, where they stated that they have added the Grayscale Bitcoin Trust (GBTC) to their model portfolios. This means that BlackRock’s clients, which include pension funds, insurance companies, and other institutional investors, will now have exposure to Bitcoin through their investments in the model portfolios.
This move by BlackRock is a clear indication of the growing acceptance and recognition of Bitcoin as a legitimate asset class. With the recent surge in Bitcoin’s price and its increasing adoption by major companies and institutions, it is no surprise that BlackRock has decided to jump on the bandwagon.
The addition of Bitcoin to BlackRock’s model portfolios is a significant milestone for the cryptocurrency industry. It not only brings more legitimacy to Bitcoin but also opens up the doors for more institutional investors to enter the market. This could potentially lead to a surge in demand and drive the price of Bitcoin even higher.
However, it is worth noting that BlackRock’s decision to include Bitcoin in its model portfolios does not necessarily mean that they are endorsing the cryptocurrency. It is simply a recognition of its potential as a valuable investment asset. Nevertheless, this move is a major vote of confidence for Bitcoin and could pave the way for other investment firms to follow suit.
In conclusion, BlackRock’s addition of a Bitcoin ETF to its model portfolios is a significant development for the cryptocurrency industry. It not only brings more credibility to Bitcoin but also opens up new opportunities for institutional investors to enter the market. As Bitcoin continues to gain mainstream acceptance, we can expect to see more major players like BlackRock embracing it as a legitimate investment option.
Bitcoin crash triggered by erosion of ETF cash and carry trade — Analyst
The entrance of institutional investors into the world of Bitcoin has been a double-edged sword for those who have been holding onto the cryptocurrency for the long haul. On one hand, it has brought a level of legitimacy and stability to the market, but on the other hand, it has also brought increased volatility and uncertainty.
For years, Bitcoin was seen as a niche investment, primarily used by tech enthusiasts and early adopters. However, with the rise of institutional investors, the cryptocurrency has gained mainstream attention and acceptance. This has led to a surge in demand and a significant increase in its value.
But with this newfound attention and influx of big money, Bitcoin has also become more susceptible to market manipulation and sudden price swings. This has caused frustration and concern among long-term holders who have weathered the ups and downs of the market for years.
Moreover, the involvement of institutional investors has also brought about a shift in the narrative surrounding Bitcoin. While it was once seen as a decentralized and anti-establishment currency, it is now being embraced by traditional financial institutions and even governments. This has sparked debates about the true purpose and potential of Bitcoin, with some arguing that it has strayed from its original ideals.
Despite these challenges, many long-term holders remain optimistic about the future of Bitcoin. They believe that the involvement of institutional investors will ultimately lead to greater adoption and stability in the market. They also see it as a sign of the cryptocurrency’s maturation and potential for long-term growth.
In conclusion, the arrival of institutional investors has brought both positive and negative effects to the world of Bitcoin. While it has brought increased legitimacy and attention, it has also brought new challenges and uncertainties. Only time will tell how this will ultimately impact the cryptocurrency, but for now, long-term holders must navigate this new landscape and continue to believe in the potential of Bitcoin.
Chicago Mercantile Exchange Group to launch Solana futures on March 17
In a surprising turn of events, the cryptocurrency market has been hit with yet another blow as the announcement of a major partnership has sent shockwaves through the industry. The news of Solana’s collaboration with a major tech giant has caused a frenzy among investors and traders, leading to a surge in SOL’s price.
The partnership, which was revealed amidst a downward trend in the crypto markets, has injected a much-needed boost of optimism and excitement. As the industry continues to grapple with the aftermath of recent market fluctuations, this unexpected development has provided a glimmer of hope for a potential recovery.
The details of the partnership are still shrouded in mystery, with both parties remaining tight-lipped about the specifics. However, industry experts speculate that this collaboration could have far-reaching implications for the future of Solana and the wider cryptocurrency market.
The timing of this announcement could not have been more perfect, as the crypto markets have been struggling to regain lost ground. With SOL’s price experiencing a significant increase following the news, it is clear that investors are eagerly anticipating the potential benefits of this partnership.
This latest development serves as a reminder of the ever-evolving nature of the cryptocurrency industry. Despite the challenges and uncertainties, it continues to attract major players and partnerships, solidifying its position as a disruptive force in the world of finance.
As the industry continues to mature and gain mainstream acceptance, partnerships like this one will play a crucial role in driving its growth and success. Only time will tell the full extent of the impact of this collaboration, but for now, it has certainly captured the attention and excitement of the crypto community.
Bitcoin price metric hits ‘optimal DCA’ zone not seen since BTC traded in $50K to $70K range
Bitcoin, the world’s largest cryptocurrency, has been experiencing a significant sell-off in recent days, causing panic among investors. However, this dip in price presents a rare opportunity for savvy investors to take advantage of dollar-cost-averaging and potentially increase their position in BTC.
Despite the current market volatility, key onchain indicators suggest that Bitcoin is currently trading at a discount. This means that the current price of BTC is lower than its intrinsic value, making it an attractive investment opportunity for those looking to enter the market or add to their existing holdings.
One of the key indicators that point to a discount in BTC’s price is the MVRV Z-Score. This metric compares the market value of Bitcoin to its realized value, which is calculated by taking the average price at which BTC was last moved. When the MVRV Z-Score is below zero, it indicates that BTC is undervalued and presents a buying opportunity.
Another important indicator is the Puell Multiple, which measures the ratio between the daily issuance value of BTC and its 365-day moving average. When this metric is below one, it suggests that BTC is trading at a discount and presents a good buying opportunity.
In addition to these onchain indicators, the recent sell-off in Bitcoin has also been driven by external factors such as regulatory concerns and market sentiment. This means that the current dip in price may not accurately reflect the long-term value and potential of Bitcoin.
For investors looking to take advantage of this rare opportunity, dollar-cost-averaging is a recommended strategy. This involves buying smaller amounts of BTC at regular intervals, rather than investing a large sum all at once. This approach can help mitigate the risk of market volatility and potentially lead to a lower average cost per BTC.
In conclusion, while the recent sell-off in Bitcoin may be causing concern among investors, it also presents a unique opportunity to enter the market or increase holdings at a discounted price. With key onchain indicators suggesting that BTC is currently undervalued, dollar-cost-averaging into a position may prove to be a wise investment decision.
Ethereum Foundation forms external council to uphold core blockchain values
The Ethereum Foundation has recently announced the formation of the “Silviculture Society,” a dedicated group whose main objective is to uphold the core values of the Ethereum community. This move comes at a crucial time for the platform, as it continues to grow and evolve in the ever-changing landscape of the blockchain industry.
The Silviculture Society, named after the practice of cultivating and managing forests, will serve as a guiding force for the Ethereum community, ensuring that the platform remains true to its principles of decentralization, transparency, and inclusivity. With the rapid growth of the Ethereum ecosystem, it is essential to have a dedicated team that can oversee and maintain these values, which are at the heart of the platform’s success.
Led by a team of experienced and passionate individuals, the Silviculture Society will work closely with the Ethereum Foundation to develop and implement strategies that align with the community’s values. This includes promoting diversity and inclusivity within the community, fostering open communication and collaboration, and ensuring that all decisions are made with the best interests of the community in mind.
One of the main goals of the Silviculture Society is to create a sustainable and resilient ecosystem for Ethereum. This involves not only preserving the core values of the community but also adapting to the ever-changing needs and challenges of the industry. By doing so, the Society aims to ensure that Ethereum remains a leading platform for decentralized applications and smart contracts, providing a secure and reliable infrastructure for developers and users alike.
The formation of the Silviculture Society is a testament to the Ethereum Foundation’s commitment to maintaining the integrity and values of the community. With this dedicated team in place, the future of Ethereum looks brighter than ever, and the platform is well-positioned to continue its growth and success in the years to come.
Can the Ethereum blockchain roll back transactions? Understanding the limits and risks
The recent hack on Bybit, a popular cryptocurrency exchange, has sparked discussions about the possibility of rolling back transactions on the Ethereum network. However, experts have deemed this option technically infeasible and have warned against its potential consequences.
Ethereum, the second-largest cryptocurrency by market capitalization, has grown into a vast and complex network since its inception. It is a decentralized platform that allows for the creation of smart contracts and decentralized applications (DApps). This decentralized nature is what makes Ethereum so attractive to users, as it eliminates the need for intermediaries and offers a high level of security.
However, this also means that any changes to the network, such as rolling back transactions, would require a consensus among its users. And with millions of users and transactions happening every day, reaching a consensus would be a daunting task. Moreover, the repercussions of a rollback would be enormous and could potentially undermine the trust and integrity of the network.
The recent Bybit hack, which resulted in the loss of over $1.2 million worth of cryptocurrency, has raised questions about the possibility of reversing the affected transactions. However, experts have pointed out that the hack was not a result of any vulnerability in the Ethereum network but rather a security breach on the exchange’s end. Therefore, rolling back transactions on the Ethereum network would not only be technically challenging but also unfair to the innocent users who were not involved in the hack.
Furthermore, rolling back transactions would set a dangerous precedent and could open the door for future attacks. It would also go against the core principles of decentralization and immutability that Ethereum stands for. Instead, the focus should be on improving security measures on exchanges and educating users about the importance of keeping their funds safe.
In conclusion, while the idea of rolling back transactions may seem like a quick fix to recover stolen funds, it is not a viable option for the Ethereum network. The focus should be on strengthening security measures and promoting responsible usage of cryptocurrency, rather than compromising the integrity of the network.
XRP price can rise 50% to $3 if key support level holds — Analysts
The price of XRP has taken a dip today amidst ongoing uncertainty in the macroeconomic landscape. However, there are signs that this popular cryptocurrency may soon see a rebound, thanks to a combination of key support levels and oversold conditions.
At the time of writing, XRP is trading at a lower price compared to its recent highs. This may be attributed to the current global economic climate, which has been plagued by various challenges and uncertainties. However, despite the downward trend, there are reasons to believe that XRP could soon see a resurgence.
One of the key factors that could contribute to a potential recovery for XRP is the presence of a strong support level. This level has been tested multiple times in the past and has proven to be a reliable point of reversal for the cryptocurrency. As such, it is likely that XRP will once again bounce back from this level and resume its upward trajectory.
In addition, XRP is currently in an oversold condition, which means that it has been sold at a rate that is lower than its intrinsic value. This is often seen as a buying opportunity for investors, as oversold conditions tend to be followed by a price correction. As such, it is possible that we may see a surge in demand for XRP in the near future, leading to a price increase.
Of course, as with any investment, there are no guarantees. However, the combination of a strong support level and oversold conditions make a compelling case for a potential recovery for XRP. As always, it is important for investors to conduct their own research and make informed decisions when it comes to cryptocurrency investments.
The $1 billion blueprint for tokenized real estate: RWAs shaping Dubai
Dubai, known for its luxurious real estate market, is taking a major step towards revolutionizing the industry. In collaboration with the Mantra protocol, Damac Properties is leading a groundbreaking initiative to tokenize real estate assets worth $1 billion. This move is set to open up a world of investment opportunities through the use of blockchain technology.
The real estate market has always been a lucrative investment option, but it has been limited to a select few due to high entry barriers and geographical restrictions. However, with the introduction of blockchain technology, the game is about to change. By tokenizing real estate assets, investors from all over the world will now have the opportunity to invest in Dubai’s prestigious properties.
So, what exactly does tokenization mean? In simple terms, it is the process of converting a physical asset, such as real estate, into digital tokens that can be bought, sold, and traded on a blockchain platform. This not only makes the investment process more accessible and efficient but also adds a layer of transparency and security.
The Mantra protocol, a decentralized finance platform, will be responsible for creating and managing the digital tokens for Damac’s real estate assets. This will enable investors to purchase fractional ownership of these properties, making it possible to invest in high-value properties with smaller amounts of capital.
This initiative is a game-changer for the real estate industry, as it eliminates the traditional barriers to entry and opens up a world of opportunities for investors. It also showcases Dubai’s commitment to embracing innovative technologies and becoming a global leader in the real estate market.
In conclusion, the collaboration between Damac Properties and the Mantra protocol is set to revolutionize the real estate industry by tokenizing assets worth $1 billion. This move not only makes investing in Dubai’s luxurious properties more accessible but also paves the way for a more transparent and secure investment landscape.