Bitcoin ETFs face new year exodus, BlackRock loses 3,500 BTC amid price rally
Bitcoin ETFs face new year exodus, BlackRock loses 3,500 BTC amid price rallyCrypto market begins year with $310 million outflows from Bitcoin, Ethereum ETFs.
Happy Friday!As 2025 kicks off, Bitcoin ETFs are experiencing a significant shake-up, with BlackRock's iShares Bitcoin Trust facing a staggering outflow of over $332 million—its largest since inception. This comes as the crypto market grapples with $310 million in total outflows from Bitcoin and Ethereum ETFs. Meanwhile, Bitcoin has reclaimed the $97,000 mark, although analysts believe this is just a temporary cooldown before a potential rally. In the realm of regulatory developments, optimism is rising for Solana ETFs, with Polymarket bettors now seeing an 85% chance of SEC approval by 2025. Additionally, a Morgan Stanley subsidiary is eyeing entry into crypto trading, pending Federal Reserve approval. Stay tuned for more insights on these pivotal developments! LATEST SLATECAST 🎙️ Swaroop Hegde discusses Powerloom’s mission to reshape data integrity in blockchain 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.48 trillion, with a 24-hour volume of $115.48 billion. The price of Bitcoin is $97,559.99, and BTC market dominance is 55.6%. The price of Ethereum is $3,585.29, and ETH market dominance is 12.4%. The Crypto Fear & Greed Index is currently Greed (74). Bitcoin ETFs face new year exodus, BlackRock loses 3,500 BTC amid price rallyCrypto market begins year with $310 million outflows from Bitcoin, Ethereum ETFs. 📰 Top NewsBitcoin reclaims 97k price amid selling pressure from old whalesAnalysts highlighted that the current period is just for cooling off, with Bitcoin set to resume upward movement shortly. Polymarket odds surge in favor of Solana ETFs securing SEC approval in 2025Polymarket bettors now lean towards an 85% chance of SEC Solana ETF approval by 2025, driven by rising optimism and significant asset manager interest. Morgan Stanley subsidiary looking to offer crypto trading amid regulatory optimismThe company would still need a Federal Reserve approval to offer crypto-related services. Ad: T3 Financial Crime Unit Marks Enforcement Victory: USDT 100 Million in Criminal Assets Frozen Across Five ContinentsT3 FCU exemplifies the power of public-private collaboration in real-time cryptocurrency crime-fighting, freezing over USDT 100 million in illicit assets. 📈 Latest Insights
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