HolderStat | BTC is on the cusp of volatility👉 Amid slowing inflows into spot BTC ETFs and weak bearish pressure, BTC price remains above key support. Institutionalists are hoarding the coin, and Bitfinex says: the target is $200K by mid-2025, so it's likely that corrections will be moderate due to strong demand.
The Bitcoin Policy Institute has proposed Trump's strategic plan for BTC reserves. If the idea becomes a reality, it could trigger a new round of global growth 📈
🧐 Remember: smart money prepares the ground for the rise!
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Blackrock
$ONDO mechanism for BlackRock tokenizationYou know how optimistic we are about tokenizing real world assets and ONDO is one of the projects for tokenization. The most influential investment fund BlackRock is an investor in ONDO and is ready to tokenize its assets. My minimum forecast for the foreseeable future is $3.45. Buckle up!
Horban Brothers.
TOTAL Cryptocurrencies: Global Market Indicator and AnalysisAccording to my theory, we are witnessing a crypto market growth cycle with a growth phase of 35 months and a correction phase of 13 weeks. I expect the crypto market to continue to grow until November 1, 2025, driven by the arrival of large investment funds and corporations behind blockchain technology as well as tokenization. The RWA sector is at a nascent stage and trillions of assets will be tokenized and used for fast transactions, ease of transfers, 24-hour accessibility and transparency. In addition, the arrival of institutional investors via ETFs should not be overlooked. Today, BlackRock owns over 470k BINANCE:BTCUSDT and is unlikely to stop. BYBIT:ETHUSDT is undervalued, BINANCE:SOLUSDT shows the very availability of cryptocurrency for everyone on the planet. Memesession is actually testing the Solana network for its suitability for massadoption. Staying bearish regarding the cryptocurrency market looks like ignoring the internet in the early 2000s. Focus on the RWA direction, a large number of projects are about to show parabolic growth!
Horban Brothers.
Is BlackRock's Bitcoin ETF the Future of Digital Gold Investing?BlackRock's Bitcoin ETF: A New Era of Digital Gold
A Golden Opportunity
BlackRock, a titan in the world of finance, has made a significant move into the cryptocurrency market with its Bitcoin ETF. This development marks a pivotal moment in the mainstream adoption of digital assets, potentially signaling a new era of investment opportunities.
The Appeal of Bitcoin ETFs
Bitcoin ETFs offer several advantages to investors:
• Accessibility: ETFs provide a convenient way for investors to gain exposure to Bitcoin without the complexities of directly purchasing and storing the cryptocurrency.
• Regulatory Oversight: ETFs are subject to regulatory oversight, which can increase investor confidence and reduce risks associated with direct cryptocurrency investments.
• Diversification: Bitcoin ETFs can be used to diversify investment portfolios, potentially reducing overall risk.
• Liquidity: ETFs generally offer higher liquidity compared to direct cryptocurrency investments, making it easier to buy and sell shares.
BlackRock's Strategic Move
BlackRock's decision to launch a Bitcoin ETF is a strategic move that underscores the growing institutional interest in cryptocurrencies. The firm's reputation and vast resources can help legitimize Bitcoin as a viable investment asset and attract a wider range of investors.
The Impact on the Crypto Market
The launch of BlackRock's Bitcoin ETF could have a profound impact on the cryptocurrency market:
• Increased Institutional Adoption: As more institutional investors gain access to Bitcoin through ETFs, it could lead to increased price stability and reduced volatility.
• Price Appreciation: The influx of institutional capital could drive up the price of Bitcoin, potentially leading to significant gains for investors.
• Regulatory Clarity: The success of Bitcoin ETFs could pave the way for further regulatory clarity and standardization in the cryptocurrency industry.
• Innovation and Development: Increased investment in the cryptocurrency ecosystem could spur innovation and the development of new blockchain-based applications.
Challenges and Considerations
While the launch of BlackRock's Bitcoin ETF is a positive development, it is important to consider the potential challenges and risks:
• Market Volatility: The cryptocurrency market is known for its volatility, and Bitcoin prices can fluctuate significantly.
• Regulatory Risks: Changes in regulatory policies could impact the performance of Bitcoin ETFs.
• Security Concerns: Cryptocurrency exchanges and wallets are vulnerable to hacking attacks, which could lead to losses for investors.
Conclusion
BlackRock's Bitcoin ETF represents a significant milestone in the evolution of the cryptocurrency market. By providing a regulated and accessible way to invest in Bitcoin, the ETF could attract a new wave of investors and further solidify the cryptocurrency's position as a valuable asset class. However, investors should approach Bitcoin ETFs with caution and carefully consider the risks involved.
Understanding Bitcoin ETFs: What They Are and Why They Matter?1. What is a Bitcoin ETF?
A Bitcoin Exchange-Traded Fund (ETF) is a financial instrument that tracks the value of Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Bitcoin ETFs operate similarly to traditional ETFs, which track the value of assets like stocks, commodities, or indices. Managed by financial institutions, Bitcoin ETFs are available on traditional stock exchanges, making it easier for investors to participate in Bitcoin’s price movements through regular brokerage accounts.
There are two main types of Bitcoin ETFs:
Spot Bitcoin ETFs: Track the current market price of Bitcoin, directly reflecting its value.
Futures-based Bitcoin ETFs: Track the value of Bitcoin futures contracts, which are agreements to buy or sell Bitcoin at a predetermined price at a specified time in the future.
In the U.S., Bitcoin futures ETFs have been approved and launched on major exchanges like the New York Stock Exchange (NYSE), while spot Bitcoin ETFs are still under regulatory review by the Securities and Exchange Commission (SEC).
2. How Does a Bitcoin ETF Differ from Buying Bitcoin Directly?
While both Bitcoin ETFs and direct Bitcoin purchases provide exposure to Bitcoin’s value, they differ in several key ways:
Ownership and Custody
Bitcoin ETFs: Investors own shares in the ETF, but not the actual Bitcoin itself. The ETF provider holds the underlying Bitcoin or Bitcoin futures contracts, taking on the responsibility of secure custody.
Direct Bitcoin Purchase: Investors who buy Bitcoin directly through cryptocurrency exchanges or wallets own the Bitcoin and have full control over it, including the responsibility for secure storage.
Access and Regulatory Oversight
Bitcoin ETFs: Are traded on traditional stock exchanges and are regulated by financial authorities. This oversight ensures investor protections that are not typically present in cryptocurrency markets.
Direct Bitcoin Purchase: Involves buying from cryptocurrency exchanges, many of which are less regulated and may lack certain protections offered by traditional financial products.
Trading Hours
Bitcoin ETFs: Trade during standard market hours, typically from 9:30 AM to 4:00 PM EST. Investors can buy or sell shares only within these hours.
Direct Bitcoin Purchase: Bitcoin can be traded 24/7, giving investors the flexibility to enter or exit positions at any time.
Taxation and Fees
Bitcoin ETFs: Investors are subject to capital gains taxes and may also incur management fees for ETF administration.
Direct Bitcoin Purchase: Direct Bitcoin investors are also subject to capital gains taxes. However, they may face lower or no management fees, depending on how they store their Bitcoin.
Use of Leverage and Derivatives
Bitcoin Futures ETFs: These funds allow investors to speculate on Bitcoin’s future price movements without holding actual Bitcoin. However, futures-based ETFs can be more complex, as they rely on futures contracts rather than spot prices, which can introduce tracking errors.
Direct Bitcoin Purchase: Investors buy Bitcoin directly, holding actual units of the asset without derivatives or leverage, providing a more straightforward exposure to its current market price.
3. Why is a Bitcoin ETF Important for the Cryptocurrency Market?
The approval of a Bitcoin ETF is a significant milestone for the cryptocurrency market for several reasons:
1. Broader Accessibility
Traditional Investors: A Bitcoin ETF opens the door to traditional investors, especially those who may not be comfortable using cryptocurrency exchanges. Investors can access Bitcoin exposure through familiar brokerage accounts without needing to learn about wallets or private keys.
Institutional Interest: A Bitcoin ETF creates an easier path for institutional investors to participate in the Bitcoin market, bringing in large amounts of capital. As institutions enter the market, Bitcoin's market liquidity and price stability may improve.
2. Increased Legitimacy
The introduction of a Bitcoin ETF legitimizes Bitcoin as an asset class in the eyes of regulators, investors, and financial institutions. It signals recognition from regulatory bodies and increases trust in Bitcoin among mainstream investors.
3. Boost to Market Liquidity
Bitcoin ETFs can increase liquidity in the market, as they provide a regulated and accessible means for both retail and institutional investors to gain Bitcoin exposure. Greater liquidity can reduce volatility, making the market more stable over time.
4. Potential for Price Appreciation
With increased demand and accessibility, a Bitcoin ETF could lead to upward price pressure on Bitcoin. This is especially relevant for spot ETFs, which would require the fund to hold actual Bitcoin, thus increasing demand for the underlying asset.
5. Step Toward Broader Cryptocurrency ETF Adoption
Approval of a Bitcoin ETF could pave the way for ETFs focused on other cryptocurrencies like Ethereum or Solana, expanding the options for crypto exposure within traditional markets. This could accelerate the overall growth of the cryptocurrency sector.
4. Pros and Cons of Bitcoin ETFs
While Bitcoin ETFs offer numerous benefits, they also come with certain drawbacks.
Advantages of Bitcoin ETFs
Ease of Access: ETFs are easily accessible through traditional brokerage accounts, removing the need for new accounts on cryptocurrency exchanges.
Regulatory Protections: ETFs are regulated by financial authorities, providing investors with protections that may be absent on cryptocurrency exchanges.
Enhanced Liquidity: Increased market liquidity through ETF participation can reduce volatility and provide a more stable trading environment for Bitcoin.
Professional Custody: ETF providers manage Bitcoin custody and security, making it easier for investors who do not want to worry about wallet security or private key management.
Diversification Opportunities: Bitcoin ETFs can be included in retirement accounts or blended into traditional investment portfolios, broadening their appeal as a tool for diversification.
Disadvantages of Bitcoin ETFs
Limited Trading Hours: ETFs can only be traded during standard market hours, unlike Bitcoin, which is available 24/7 on cryptocurrency exchanges.
Management Fees: Most Bitcoin ETFs come with annual management fees, which can reduce overall returns for investors.
Potential for Tracking Errors: In futures-based ETFs, tracking errors may occur, meaning the ETF's performance may not accurately match Bitcoin’s actual price movements.
No Direct Ownership of Bitcoin: ETF investors do not own Bitcoin itself, which means they miss out on the ability to use or transfer the asset directly.
Market Dependency on Regulators: The introduction and ongoing success of Bitcoin ETFs depend on regulators’ willingness to approve and support crypto-based financial products, which may limit the ETF market’s expansion.
5. Outlook and Future of Bitcoin ETFs
The potential approval of a spot Bitcoin ETF in the U.S. could be a game-changer. With increased institutional and retail access, the Bitcoin ETF market could drive greater adoption and legitimacy for cryptocurrencies overall. However, regulatory challenges remain, as the SEC has thus far resisted approving spot Bitcoin ETFs due to concerns about market manipulation and lack of robust investor protections.
As regulatory clarity improves, we may see a broader array of crypto-based ETFs emerge, possibly including multi-asset ETFs that combine Bitcoin with other cryptocurrencies or assets, such as stocks or commodities. Furthermore, as institutional adoption grows, the role of ETFs in the financial ecosystem could increase, potentially influencing Bitcoin’s price dynamics and volatility as well.
Conclusion
Bitcoin ETFs represent a bridge between the traditional financial world and the emerging cryptocurrency market. While they offer unique advantages, such as regulatory protections and ease of access, they also come with limitations like management fees, limited trading hours, and the lack of direct ownership. For those who want exposure to Bitcoin within the security of a regulated investment product, Bitcoin ETFs provide a promising option.
The success and potential of Bitcoin ETFs lie in their ability to draw both individual and institutional investors into the cryptocurrency market, making it a potentially transformative development for the financial world. As more countries consider ETF approval, and as the cryptocurrency industry matures, Bitcoin ETFs could play a pivotal role in the mainstream adoption and integration of digital assets.
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BLK - Strong uptrend is intact with new highs Upward trend, which started from the covid bottom of 2020, continues.
The total assets managed by the company reached 11.5 trillion USD, with an annual increase of 2.4 trillion USD.
The company increased its quarterly revenues by 15% to $5.197 billion, exceeding expectations of $5.007 billion.
Earnings per share for the last quarter were $11.46, above expectations of $10.38.
The shares of the company, which announced a net profit of $1.6 billion in this quarter, exceeded the 2021 high level of $970 and reached $990, and its current market cap is $147 billion.
The stock, which has a dividend yield of 2%, is trading with a price-earnings ratio of 24.
Blackrock(BLK): Targeting $1050-$1250 After Strong EarningsThis week, BlackRock will release its third-quarter earnings report, and there’s a lot of optimism in the air. Morgan Stanley expects BlackRock to beat analyst expectations, forecasting stronger-than-expected net flows. According to Morgan Stanley, net flows will likely accelerate 8.3% year-over-year on an organic basis, with their forecast being 420 basis points ahead of the consensus. They also predict a 5.7% organic growth rate for long-term inflows, marking a sequential acceleration. BlackRock is scheduled to release its third-quarter results on Friday.
From a technical analysis standpoint, we anticipate more upside but with some limitations. We expect the intra-wave structure of wave ((iii)) to land between $1050 and $1350, though the more likely range is $1050-$1250. After spotting potential weakness in this range, we’ll be looking for an opportunity to enter on wave ((iv)), and we’ll send out limit orders when the time comes. As for the overarching wave (1), we expect a maximum of $1500 before a larger correction occurs.
Stay tuned as we monitor this carefully and share the next steps.
BLK BlackRock Options Ahead of EarningsIf you haven`t bought the dip on BLK:
www.tradingview.com
Now analyzing the options chain and the chart patterns of BLK BlackRock prior to the earnings report this week,
I would consider purchasing the 860usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $12.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Pre-earnings Run PatternBellwether of the ETF industry, NYSE:BLK reports Oct 11th and has already had a pre-earnings run. It is important to prepare ahead of earnings runs, which form 2-4 weeks ahead of the earnings release date. Dark Pools already know most of what is in the report. The long reversal tail candlestick signaled the probable run for a swing-style trade.
SEC Allows Options Trading on BlackRock’s Bitcoin ETF Market Update - September 27th, 2024
Takeaways
The SEC has approved Nasdaq's request to list and trade options on BlackRock's spot bitcoin ETF: The decision introduces new hedging tools for investors but comes with a 25,000 contract limit which has been criticized by the exchange as “conservative.”
Crypto investment products saw a second consecutive week of inflows, totaling $321 million, after the Fed's decision to cut rates: Bitcoin investment products led the pack with $284 million in inflows last week.
More than 40 Republican lawmakers called on SEC chair Gary Gensler to withdraw the crypto custody rule (SAB 121): They argue the rule increases consumer risk and stifles innovation.
Caroline Ellison, ex-CEO of Alameda Research, was sentenced to two years in prison for her role in the FTX fraud case: Despite her cooperation with law enforcement in the case against Sam Bankman-Fried, the judge ruled that Ellison must still serve time.
On Monday, OpenAI’s official news account on X was compromised, with hackers using it to promote a fake "$OPENAI" token: The fraudulent post claimed the token would grant access to future beta programs and directed victims to a spoof website.
PayPal to accept crypto payments: Payments giant PayPal announced Wednesday it would allow business accounts to buy, hold, and sell cryptocurrencies.
SEC Allows Options Trading on BlackRock’s Bitcoin ETF on Nasdaq's ISE
The SEC has approved a rule change permitting the listing and trading of options on the iShares Bitcoin Trust (IBIT), BlackRock’s Bitcoin ETF, on Nasdaq’s International Securities Exchange (ISE).
BlackRock had been pushing for this approval since March, following the launch of several bitcoin-linked ETFs in the US. Earlier proposals faced concerns around market manipulation. Regulators also expressed concerns around introducing more crypto derivatives products to the market, due to their nascency. To address these concerns, the SEC approved an amendment that limits positions on IBIT options to just 25,000 contracts. The limit has been described as "extremely conservative" by Nasdaq.
The regulator also concluded that the exchange’s surveillance systems would be an adequate deterrent for market manipulation. Currently, BlackRock’s IBIT spot bitcoin ETF is the largest in the world, with more than $17 billion in assets under management.
🏦 Topic of the Week: What Are Central Bank Digital Currencies?
➡️ Read more here
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.
New IBIT Downside Gap To Fill Signaling Bitcoin RetracementWe have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that...
Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill.
EVERY ONE SO FAR.
So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to drift lower to re-test recent lows before heading higher again.
$HBAR | Allocation | Market Exec |Technical Confluences:
- Price action has bounced off a Support trendline and is in the range of a Demand Zone
- Price action is also close to an all-time low
Fundamental Confluences:
- HBAR is a Layer 1 blockchain which has potential for further adoption
- Recently in April, there was a big spike in CRYPTOCAP:HBAR price after an announcement that blockchain firms Archax and Ownera tokenized BlackRock's ICS UST Funds on Hedera
- Blackrock came out and clear the air that they are not involved with Hedera; the 2 firms were the ones who were involved in tokenizing it
- Although it is not a direct involvement by BlackRock, it gave HBAR Foundation alot of attention (potential moving forward)
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With the above fundamentals, I will allocate my first tranche of HBAR allocation for my Long-Term portfolio. I may trade on this pair with a tight SL level if it breaks below the Red Line shown.
Likely to hold onto this pair at least till it reaches the 161% Fibo Extension Supply Zone.
Remember, DYOR.
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If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
BlackRock: Poised for a Bullish Breakout?
**Current Price Range**: $846 to $822 (Weekly Frame)
**Potential for Bullish Reversal**:
BlackRock, trending between $846 and $822, shows signs of a potential bullish reversal. A strong resistance at $895.20 is key. Breaking and closing above this level on the weekly timeframe could indicate a reversal and the continuation of a bullish trend.
**Double Top Formation and Historical Context**:
The double top pattern from November 15, 2021 , initially suggested bearish momentum due to overvaluation and economic concerns. However, BlackRock's strategic growth initiatives, including climate transition ETFs, acquisitions, and private market expansions, offer strong bullish prospects.
**Probability Indicator**:
Our probability indicator, currently above the middle threshold, hints at a shift towards bullish momentum.
**Key Levels to Watch**:
- **Resistance Level** : $895.20
- A break above this level may signal a bullish continuation.
- **Support Level** : $726.37
- A hold above this zone could further support the bullish outlook.
**Market Factors**:
**Strategic Growth** : BlackRock's innovative initiatives and acquisitions position it well for future growth.
**Resilience Amid Challenges**: Despite facing outflows and ESG-related backlash, BlackRock remains robust.
**Leadership and Vision**: CEO Larry Fink's strategic direction emphasizes long-term growth and adaptation to market changes.
**Expected All-Time High**:
BlackRock is expected to reach its all-time high by end-March 2025, supported by its strategic initiatives and resilience in the market.
**Conclusion**:
BlackRock is on the verge of a potential bullish breakout. Monitoring the $ 895.20 resistance level is crucial for confirmation. The company's strategic initiatives and resilience indicate a strong potential for a bullish trend continuation, possibly mirroring the market recovery patterns seen after the 2008 financial crisis.
$IBIT Gaps To Fill Before Heading Higher AgainI've been watching the 4-Hour chart on the Blackrock BTC ETF or NASDAQ:IBIT since the start.
And recently noticed that until now, all of the gaps have filled much like we see on the !CME.
Except for ONE large gap that has yet to fill, which I outline in the video.
Let me know what you think, and we'll see how this plays out!
Blackrock's aim for the Crown of Digital Currency ETFsSince it's inception at the start of January 2024 the iBIT ETF has gone up 31.35%.
As of writing this July 22, 2024 the iShares Bitcoin ETF has seen an astounding $523 Million Inflows and a $912 Million trading volume over the last 24 hours.
BlackRock is buying up Bitcoin at a pace unlike any seen before from institutional investors.
This means that they can soon start borrowing and leverage their Bitcoin positions thanks to the sheer size their Spot ETF has so far.
With the news of the Ethereum ETF being launched we can expect to see the price of iBIT rise up to $60.45 in the near future.
Technical Analysis shows that the previous downtrend had been broken and that a reclaim of the range is now giving us a bullish indication for future price movement.
Read our full report on our website to get a more in-depth look.
COINBASE #COIN priced in #Bitcoin 3X outperfromanceShould u just buy Coinbase stock rather than the go through the hassle of Buying , storing, off-ramping profits back to your bank.
It is far easier for big money who want some crypto exposure to just buy crypto stocks.
All in their familiar regulated platform, hence why the Spot ETF is so important...
But who are the custodians Blackrock is entrusting to hold their #BTC..... Coinbase
This will be a big money maker for Coinbase and hence why it could actually overperform and get back to all time high's in the next two years.
Perfect Pullback!The areas I am interested in for a long trade would be around $0.90 cents to retest the weekly or flipping $1 into support.
Targets for both would be the Value Area High of the upper range.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
BlackRock: Final StraightWe expect the Blackrock share to rise a little more before it completes the turquoise B wave. Once that is done, we anticipate a sell-off into our magenta Target Zone between $690.19 and $623.99. However, please note our alternative scenario (32%) which envisages an overshoot of the expected wave B top.
BlackRock Bitcoin ETF Could Be Finishing A CorrectionBlackRock Bitcoin ETF with ticker – IBIT looks like a nice and clean A-B-C correction that is right now sitting at interesting support area for A=C, but to confirm support in place and bulls back in the game, we need to see sharp or impulsive recovery back above 36.43 level.
US Spot BTC ETFs Garner $887m in Day, BTC approaches 72k
BTC price approaches $72K: The price of bitcoin surged to nearly $72K on Wednesday after US spot bitcoin ETFs recorded their second highest single day of net inflows.
President Biden vetoes a bipartisan resolution aiming to reverse an SEC rule on crypto custody services: The White House said the resolution would “jeopardize the well-being of consumers.”
Robinhood buys exchange: Robinhood announced Thursday it has agreed to acquired Bitstamp, a European crypto exchange, for around $200 million.
MicroStrategy and its chairman Michael Saylor have settled tax fraud allegations for FWB:40M : The company’s stock subsequently jumped more than 3% on Wednesday; the company maintains nearly FWB:15B in BTC holdings.
Changpeng "CZ" Zhao, founder of Binance, started a four-month prison term in Santa Barbara, California: CZ admitted to violating the Bank Secrecy Act (BSA) in November.
Shares in GameStop surged 21%: Keith Gill, "Roaring Kitty," revealed a $116M stake in the company, driving renewed investor interest and trading activity.
👤 Topic of the Week: What does KYC mean for crypto?
👉 Read more here