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Edith Yeung, co-founder of Race Capital, highlights the growing crypto landscape in Hong Kong, emphasizing its potential as a financial hub akin to New York. With seven SFC-licensed trading platforms, regulatory clarity is improving, yet liquidity remains crucial for attracting investors. Yeung also predicts a U.S. Bitcoin Reserve by 2025, which could influence global crypto markets.
Ethereum ETFs saw net inflows surpassing $2 billion in December, reflecting strong institutional interest despite ongoing network challenges. BlackRock’s iShares Ethereum Trust led with over $1.4 billion, while total assets in Ethereum ETFs exceeded $12 billion, accounting for about 3% of Ethereum's market cap. However, Ethereum's growth lagged behind Bitcoin's, raising concerns about its future performance unless innovation and user engagement improve.
U.S. spot Bitcoin and Ethereum ETFs began 2025 with significant outflows, reflecting waning investor interest amid market volatility. Bitcoin ETFs saw $242.3 million in outflows, yet maintained $109.4 billion in assets, while Ethereum ETFs experienced $77.5 million in outflows, marking a shift from previous inflows. Grayscale's funds led the outflows, with cumulative losses reaching $3.66 billion since their inception.
Morgan Stanley has downgraded Ethereum's price target from $5,000 to $3,500 amid a market downturn influenced by a Fed interest rate cut. Despite this, Ethereum's ecosystem shows growth, with a 46.11% price increase in 2024 and significant inflows into ETH ETFs, totaling $12.17 billion in assets under management.Meanwhile, DTX Exchange is gaining traction as a hybrid trading platform, raising $11.20 million in its presale and offering innovative features that could position it as a major competitor to established exchanges like Binance and Uniswap.
BlackRock's iShares Bitcoin Trust (IBIT) experienced a record outflow of $332.6 million on January 2, marking the largest daily withdrawal since its launch in January 2024. This outflow contributed to a total of $392.6 million in withdrawals over the past week, despite the fund ranking third for inflows among U.S. ETFs in 2024 with $37.2 billion. In contrast, competitors like Bitwise, Fidelity, and Ark 21Shares saw inflows, highlighting a mixed landscape for Bitcoin ETFs.
Morgan Stanley is considering adding cryptocurrency trading to its E-Trade platform, anticipating a more favorable regulatory environment under President-elect Donald Trump. This move could position E-Trade as a significant competitor to established platforms like Coinbase, as the brokerage manages 5.2 million accounts with around $360 billion in assets. Other traditional brokerages, including Robinhood and Fidelity, are also expanding their crypto offerings, reflecting the growing demand for digital asset trading.
Fidelity's Ethereum ETF recorded significant inflows of $83 million, signaling a potential shift in investor focus towards diversification as 2025 begins. Despite this, Ethereum faces challenges with 17 million addresses in the red and a recent price drop of 21% from its yearly high, indicating a cautious market sentiment. As competition intensifies among altcoins, Ethereum must demonstrate consistent performance to maintain its leading position.
United States Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround with net inflows of $475.2 million on December 26, following a four-day outflow period totaling over $1.5 billion. The Fidelity Wise Origin Bitcoin Fund led the inflows with $254.4 million, while the ARK 21Shares Bitcoin ETF and BlackRock’s iShares Bitcoin Trust ETF followed with $186.9 million and $56.5 million, respectively. In contrast, Ether ETFs also saw continued inflows, totaling $117.2 million on the same day, with Fidelity’s ETF again leading the way.
Donald Trump’s crypto portfolio has reached $8.1 million, with TROG as his largest asset at $2.2 million, accounting for over 27% of his holdings. Ethereum follows with 495.6 ETH valued at $1.9 million, while BlackRock and Fidelity recently acquired over $500 million in Ether, reflecting growing institutional interest in the cryptocurrency market. BlackRock is also planning to initiate Ether ETF spot trading options, pending regulatory approval, which could be announced by the SEC in April 2025.
Ethereum has reclaimed the $3,700 mark with a 2.01% intraday gain, driven by strong institutional demand and significant ETF inflows, totaling $1.8 billion over 12 days. Analysts predict a bullish trend, with potential price targets reaching $4,617, as Bitcoin dominance declines, signaling an upcoming altcoin season.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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