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BlackRock and Fidelity have acquired over $500 million in Ethereum through their ETFs following SEC approval of spot Ethereum ETFs. BlackRock's iShares Ethereum Trust ETF (ETHA) leads with $2.93 billion in inflows, while Fidelity’s Ethereum Fund (FETH) has $1.35 billion. These purchases reflect a growing trend of institutional investment in digital assets, with Ethereum's price rising to $3,830 amid increased trading activity.
Ethereum's chances of reaching $5,000 by the end of 2024 have fallen to under 10%, despite significant ETF inflows, including $305 million on December 10. While some traders remain optimistic about a price surge, analysts note that a 37% increase is necessary to hit the target. Institutional interest continues to grow, with Fidelity contributing over $202 million to recent inflows, suggesting a potential supply crisis that could impact prices.
On December 10, 2024, spot bitcoin and ethereum ETFs attracted a remarkable $745.3 million in inflows, highlighting strong investor interest. Bitcoin ETFs led with $439.56 million, while ethereum ETFs garnered $305.74 million, bringing cumulative totals to $34.35 billion and $1.87 billion, respectively. Despite some losses in specific funds, the overall trend indicates robust participation in these digital asset markets.
Eric Trump boldly predicted that Bitcoin will reach $1 million during his keynote at the Bitcoin Mena conference in Abu Dhabi. He emphasized Bitcoin's scarcity, superior liquidity, and potential for financial inclusion, contrasting it with traditional assets like gold and real estate. Trump expressed confidence in this forecast, noting the significant interest from major financial institutions.
Ethereum, dominating decentralized finance with 57% of total value locked, presents a compelling investment opportunity as it trades at a lower market size-to-TVL ratio than competitors. With the launch of spot ETFs and backing from major players like BlackRock, demand for ether is expected to rise, especially as tokenized assets gain traction on its blockchain. As ether approaches key resistance levels, its potential for a significant price rally could align with historical trends in crypto bull markets.
Ethereum's price dipped 3.7% below $4,000, with traders eyeing $3,500 as solid support. Despite the decline, bullish sentiment persists, driven by ETF inflows and structural improvements, as Ethereum's total value locked reaches $76.5 billion, the highest since April 2022. Vitalik Buterin emphasized the importance of democratized participation for Ethereum's future success.
Crypto investment products achieved a record weekly inflow of $3.85 billion, driven by strong institutional interest in Bitcoin, Ethereum, and XRP. Bitcoin led with $2.5 billion, while Ethereum attracted $1.2 billion and XRP saw $134 million, reflecting growing demand and optimism in the market. Year-to-date inflows reached $41 billion, with total assets under management climbing to $165 billion.
The cryptocurrency landscape is poised for significant transformation in 2025, driven by trends such as AI tokens, institutional investment, and the resurgence of meme coins. Decentralized exchanges are gaining traction for their security and self-custody features, while NFTs are expected to evolve towards utility. As the market embraces decentralization, the potential for explosive growth in sectors like blockchain gaming and AI is on the horizon.
Bitcoin's recent surge past $100,000 has led to predictions of further growth, with a 6% chance of exceeding $150,000 by January, according to Derive's research. Institutional interest, particularly from firms like MicroStrategy and BlackRock's iShares Bitcoin Trust, has significantly influenced market dynamics. As the market stabilizes, analysts suggest a potential doubling of Bitcoin's price by 2025, driven by ongoing investment flows and strategic support from political figures.
Chainlink has made significant strides in bridging Traditional Finance (TradFi) and Decentralized Finance (DeFi), with co-founder Sergey Nazarov highlighting its evolution and partnerships that enable seamless, secure transactions across multiple chains. The platform has facilitated over $17 trillion in value and recently launched a pilot program with the Depository Trust and Clearing Corporation (DTCC) to standardize net asset value data across blockchains. Analysts predict LINK could soar to between $200 and $800, requiring substantial growth from its current trading price of $24.9.
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