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The first year of US spot Bitcoin ETFs has surpassed expectations, attracting $44.2 billion in inflows and marking the best-performing ETF launch ever. Analysts attribute this success to strong institutional demand, favorable market conditions, and the SEC's approval, which alleviated regulatory concerns. Looking ahead, industry experts anticipate continued growth in 2025 as more investors gain access to these products.
BlackRock has officially withdrawn from the Net Zero Asset Managers initiative, signaling a significant shift in its approach to ESG investing. Vice Chairman Philipp Hildebrand cited confusion over the firm's practices and legal inquiries as reasons for the exit, which follows similar moves by other financial giants amid increasing political pressure. Despite this retreat, BlackRock continues to manage over $1 trillion in sustainable investments, indicating a commitment to addressing climate risks on its own terms.
Philipp Hildebrand announced Blackrock's withdrawal from the Net Zero Asset Managers Initiative, a shift from its previous ESG commitments. This decision, influenced by legal pressures and accusations of fiduciary duty violations, aligns with a broader trend among financial firms. Despite this, Blackrock continues to manage over a trillion dollars in sustainable investments, indicating a commitment to addressing climate risks on its own terms.
Bitcoin's price has dropped from nearly $107,000 to around $94,550, raising concerns about its ability to maintain momentum. Analysts highlight the $92,000 level as crucial support; a breach could lead to further declines toward $81,000. Despite bearish sentiments, some experts remain optimistic, citing significant institutional inflows and historical patterns suggesting a potential rally in January.
U.S. spot Bitcoin and Ethereum ETFs experienced significant outflows, marking their second-largest exit day, with over $700 million leaving the market. Bitcoin ETFs saw $582.9 million in outflows, while Ethereum ETFs recorded $159.34 million, following a brief period of inflows. Fidelity's funds were notably impacted, with substantial losses reported across several major ETFs.
In 2025, a fierce competition for Bitcoin is emerging among billionaires and nation-states, driven by concerns over fiat instability and dwindling supply. With only 2 to 2.5 million Bitcoin left on exchanges, institutional demand, particularly from Bitcoin ETFs, is intensifying, potentially leading to a significant supply shock. As Bitcoin gains traction as a strategic reserve and a hedge against inflation, both wealthy individuals and governments are increasingly investing in it, highlighting its growing importance in the global financial landscape.
Bitcoin and Ethereum ETFs experienced significant outflows totaling $742 million on January 8, with Bitcoin ETFs alone accounting for $583 million. Research indicates that a supply shock for Bitcoin is unlikely in 2025, as 70% of its circulating supply is in free float, providing liquidity despite market fluctuations. Additionally, a notable decrease in long-term holder supply suggests potential selling pressure, while ETF trading volume remains a minor player in the overall market dynamics.
Fidelity's Bitcoin (FBTC) and Ethereum (FETH) spot ETFs have experienced their largest outflows to date, with FBTC seeing $582.9 million and FETH $147.7 million withdrawn as of the 8th. Despite these significant outflows, Fidelity's ETFs still rank second in cumulative net inflows, trailing only BlackRock.
Bitcoin (BTC) has dropped below $95,000, falling to a low of $92,911 amid rising bond yields and economic uncertainty, while Ethereum (ETH) shows resilience, trading around $3,300. The SEC's outgoing chair, Gary Gensler, emphasizes the need for better regulation in the crypto market as he prepares to step down, with pro-crypto Paul Atkins nominated to succeed him. Analysts suggest BTC's decline may be temporary, potentially setting the stage for a rally coinciding with Donald Trump's inauguration.
Surging demand for Bitcoin ETFs has raised concerns about potential supply shocks, with Bitcoin recently peaking at $102,000 before dropping to $95,432.97. Despite Bitcoin ETFs dominating the market with $112 billion in net assets, Ethereum ETFs are gaining traction, ending 2024 with $35 billion in inflows, suggesting a possible shift in investor focus towards Ethereum in 2025. As Bitcoin faces mounting supply issues, Ethereum's appeal as a diversified investment option may strengthen.
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