Pro-crypto regulation under the incoming Trump administration could push Bitcoin toward $100,000 by early 2025 as institutions accelerate adoption.
ETF news
Bitwise has acquired the institutional Ether staking service provider Attenstant for an undisclosed amount.
It adds to Bitwise’s roster of European staking ETPs. Staking is still prohibited in ETPs listed in the United States.
Demand is surging for tokenized RWAs offering low-risk yield from Treasury bills.
United States investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows.
The significant daily inflow into BlackRock’s spot Ether ETF comes as Ether has seen its biggest weekly gains since May 2024.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
Blackrock’s IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager’s gold fund.
Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way.
Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.