BlackRock registers iShares Staked Ethereum Trust ETF in Delaware

BlackRock's Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has faced its largest one-day outflow, totaling over $500 million. This significant withdrawal reflects growing investor caution amid fears of a potential bear market, as Bitcoin's price has dropped below the critical $100,000 threshold following a record high in October. The current selloff highlights the broader challenges facing the cryptocurrency market.

BlackRock has initiated the process to launch a Staked Ether ETF, marking its first step into this segment of the cryptocurrency market. This move reflects the company's ongoing commitment to expanding its cryptocurrency offerings and adapting to evolving market demands.

The Abu Dhabi Investment Council has tripled its stake in BlackRock's Bitcoin ETF during the third quarter, increasing its investment to nearly 8 million shares. This move comes amid a challenging market environment, as BlackRock's Bitcoin ETF share price has dropped nearly 23% since the end of the quarter.

BlackRock is developing a new staked Ethereum ETF, which aims to provide higher returns, approximately 15 months after the launch of its flagship ETH fund, ETHA. This move reflects BlackRock's ongoing commitment to expanding its cryptocurrency offerings.

William Hill, co-founder of Samourai Wallet, has been sentenced to four years in prison for his involvement in money laundering activities. This case underscores the ongoing tension between the desire for privacy in cryptocurrency transactions and regulatory efforts aimed at preventing illicit financial activities.

The Abu Dhabi Investment Council significantly increased its investment in Bitcoin during the third quarter, tripling its stake in BlackRock’s iShares Bitcoin Trust to nearly 8 million shares. This move reflects the council's view of Bitcoin as a long-term digital asset akin to gold.

Nvidia's earnings for Q3 exceeded expectations, resulting in a surge in its stock price and contributing to Bitcoin's recovery to $90,000, driven by strong data center revenue.

BlackRock's iShares Bitcoin Trust (IBIT) experienced a significant net outflow of $523 million on Tuesday, marking its largest single-day withdrawal since inception. This development reflects a growing caution among investors in the cryptocurrency market amid ongoing volatility.