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Fidelity has joined the ranks of BlackRock and UBS in the burgeoning market of tokenised Treasuries, which has surged to nearly $11 billion in value. The financial giant plans to launch an Ethereum-based money market fund, OnChain, primarily investing in US government bonds and cash, while maintaining traditional ownership records alongside blockchain transactions.
BNY Pershing plans to introduce a new cash sweep charge targeting registered investment advisors (RIAs) first, with a potential rollout to broker-dealers later. The charge will apply to the first $10,000 in client accounts, offering a 2.25% interest rate while withholding additional earnings from cash lending, which could impact broker-dealer profitability. This move comes amid ongoing scrutiny of cash management practices in the financial industry.
Barclays has significantly increased its stake in the BlackRock Bitcoin ETF (IBIT), holding 2.47 million shares valued at $131.2 million as of December 31, 2024. This move marks a notable shift for the bank, which previously held a minimal position in Grayscale's Bitcoin Mini Trust ETF, and positions Barclays among the top ten investors in IBIT. Despite this investment representing only 0.04% of its overall portfolio, it reflects a growing acceptance of Bitcoin ETFs by traditional financial institutions following their SEC approval in January 2024.
PremiaLab has appointed Mark Findlay as Chief Revenue Officer to enhance its Data & Risk offerings. With over 20 years of experience in risk management and derivatives trading, Findlay will drive business development for the fintech platform, which serves institutional clients managing over $20 trillion in assets. His leadership is expected to strengthen PremiaLab's position in providing advanced risk solutions for quantitative investment strategies.
JPMorgan estimates that Solana and XRP ETFs could attract up to $14 billion in investments within their first year if approved, despite skepticism regarding regulatory approval. The projections suggest potential ETF assets of $5.2 billion for Solana and $8.4 billion for XRP, based on market penetration rates similar to existing Bitcoin and Ethereum ETFs. With a change in SEC leadership anticipated, the outlook for crypto ETFs may improve, potentially paving the way for new products linked to various altcoins by 2025.
Solana is emerging as a strong competitor to Ethereum, with its on-chain metrics like total value locked (TVL) and revenue growth outpacing Ethereum's. The upcoming layer 2 blockchain, Solaxy, is generating significant interest, raising over $10 million in presale, and is expected to enhance transaction speeds and reduce fees. As both networks prepare for upgrades in 2025, Solana's potential for short-term gains is highlighted, particularly in the current bullish market.
Ethereum, the second-largest cryptocurrency, is poised to potentially lead large-cap digital currencies by 2025, driven by increased institutional adoption and the introduction of ETFs like the VanEck Ethereum ETF and Grayscale Ethereum Mini Trust ETF. While Solana is seen as a competitor, Ethereum's long-term fundamentals and the supportive role of Layer 2 solutions may enhance its stability and adoption. Upcoming network upgrades could further catalyze growth and fee stability, positioning Ethereum favorably in the evolving crypto landscape.
Demand for US Bitcoin ETFs surged in early 2025, with net inflows reaching 17,567 BTC ($1.7 billion) by January 6, surpassing the previous quarter's average. This rebound follows a tumultuous 2024, where inflows fluctuated significantly, particularly after Bitcoin prices dipped below $64,000. As Bitcoin's price hit a record high of $108,135 in December 2024, investor confidence grew, leading to expectations of at least 50 new Bitcoin ETFs in 2025, potentially surpassing physical gold ETFs in asset size, signaling a shift in the perception of Bitcoin as a legitimate investment.
Binance CEO Changpeng Zhao urges crypto users to seize the current Bitcoin buying opportunity, despite its recent decline to $89,280, down 15% from its all-time high of $108,000. He emphasizes the importance of long-term holding and acting now, stating, “Today is earlier than all the days to come.” While Bitcoin's price has shown slight recovery, significant outflows from Bitcoin ETFs, totaling $284 million, raise concerns about potential short-term price pressure.
The final quarter of 2024 saw a surge in cryptocurrency mergers and acquisitions, setting the stage for a potential record-breaking year in 2025. Major institutions are increasingly bridging traditional finance and digital assets, with acquisitions like Stripe's purchase of Bridge highlighting the demand for secure custody and risk management solutions. As composability and interoperability become central to DeFi's evolution, the consolidation of resources will empower innovation while addressing regulatory challenges.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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