Latest news with #iSharesBitcoin
CNBC
10-06-2025
- Business
- CNBC
Bitcoin is primed for a surge to fresh all-time highs above $130,000, according to the charts
Bitcoin made an all-time high in May, retreated approximately 10% in the following nine days, and in just the past three days it traded back near those levels. We hold the iShares Bitcoin ETF (IBIT) in two of our growth-focused portfolios at Inside Edge . With such strong fundamental, macro and technical backdrops, I think it's time to increase the position size for our investors. To start, let's outline three fundamental reasons why bitcoin is reapproaching all-time highs. Strong institutional demand: The adoption of the IBIT ETF has been nothing short of historic, shattering inflow records. IBIT hit $70 billion in assets in 341 days, more than 5 times faster the former record holder SPDR Gold ETF (GLD). Michael Saylor's firm MicroStrategy holds over 500,000 bitcoin and is adding consistently. Macro environment: Despite fears of tariff-driven inflation, U.S. bond yields are steady, paving the way for risk-associated assets (I believe bitcoin is still positively correlated to the growth trade) to move higher. The Fed's next move is still expected to be a decrease in fed funds rates, further fueling the growth trade. The "capped" U.S. rates market and concern of tariff-driven recession is pressuring the U.S. dollar, also a positive for the growth trade. Improving regulatory environment: U.S. legislation and regulation of stablecoins are expected, which increases acceptance of crypto and stable value coins. Corporate demand for bitcoin is also increasing as a Treasury asset. Turning to the technicals, the weekly chart of bitcoin futures shows a clear uptrend since late 2022. What I find interesting about this chart and bitcoin in general is how a volatility indicator known as Average Percent True Range (APTR) behaves around breakouts. APTR is a way to boil down the high-to-low range of a market not in dollar terms but in percent terms. On this chart, we're looking at the 10-week APTR. Put simply, it's the average high-to-low range, converted into a percent over the past 10 weeks. If you did not convert into percentages it would be impossible to compare the range of bitcoin at $100,000 compared to say, when I first bought bitcoin, at $330 per coin. Notice that during consolidations and corrections, APTR line decreases from the upper-range of around 20%-15%. When the correction is about complete, the APTR bottomed at 9% and 7% in the past few years. This set up the next uptrend in price, triggered by a break from resistance and a strong breakout in price. Notice that as bitcoin goes up the average range goes up. This different from the stock market. Usually during corrections in the S & P 500 the VIX goes up . When the market stabilizes and moves higher the VIX move lower. It seems to be oppositive in Bitcoin. So, when you can find a low volatility / range reading that's a possible tell that we're about to move higher. On the weekly chart, we're at a low reading of 8.5% high-to-low range over the past 10 weeks, and we just happen to be testing a resistance ceiling level around $110,000. Moving down to the daily chart, you'll see the same concept applies. Low APTR readings on the daily are in the 4%-3% range over the past 10 trading days. As we're pressing the triple-resistance level of $110,000, I'm thinking buyers are going to blast us through. I have a 100% Fibonacci projection level of $135,000 as our target. As I mentioned, I'm holding IBIT at a 3% position in our Tactical Alpha Growth and a 3.5% in our Active Opportunities Portfolio. I'm looking to increase both of them to above 5%. The breakout in the IBIT chart is around $64 and with the increased position size I would not want to see price move back below $58, which I'll use for a risk-reduction level We offer active portfolio management and regular subscriber updates like the idea presented above. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns IBIT personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Yahoo
04-06-2025
- Business
- Yahoo
The Convergence of TradFi and Digital Asset Markets
The line between traditional and crypto markets is actively being redrawn. As digital asset markets mature, the convergence of traditional finance (TradFi) and digital markets is accelerating, resulting in a more mature, institutional-grade ecosystem shaped by the frameworks, expectations and operational resilience that have historically characterized TradFi. Recent developments underscore a paradigm shift in how digital assets are perceived by institutions. The U.S. government's announcement of a strategic digital asset reserve, consisting of bitcoin, ether, XRP, solana and cardano, signals strong institutional validation. In parallel, more than eleven U.S. states have shown interest in or are actively working on bitcoin treasury bills. Sovereign investors such as the Abu Dhabi Investment Authority (ADIA) have disclosed significant positions, with a $436.9 million stake in BlackRock's iShares Bitcoin ETF (IBIT) as of December 31, 2024. These aren't speculative moves, but rather concerted investments to stay at the forefront of an evolving financial system. Support from these governments is reinforcing institutional engagement, marking a turning point where the risk of missing out outweighs the risk of exposure to the digital assets ecosystem. Previously, institutional participation in digital assets was constrained by high volatility, regulatory uncertainty and fragmented infrastructure. Now, regulated custodians offer institutional-grade solutions, while trading platforms provide improved access and reliable execution. The expansion of risk management tools — including hedging, credit facilities and market surveillance — has enhanced the operational stability for a space once known for volatility. These developments have lowered barriers to entry, enabling traditional institutions to approach digital assets with familiar risk and compliance frameworks. Institutional adoption is further fueled by products that mirror traditional markets while leveraging blockchain advantages. Today's institutional offerings include spot & derivatives markets, yield-bearing products, ETFs & in-kind redemptions and depositary receipts — all designed with similar underwriting logic and performance expectations. The expansion of futures, options and structured products in crypto mirrors the mechanics of TradFi derivatives. These instruments provide price discovery, risk hedging and speculative capabilities that align with institutional mandates. Yield-bearing products like staking, crypto lending and tokenized fixed-income are being designed with yield profiles resembling TradFi. These structures provide fixed or floating returns while incorporating risk metrics familiar to institutions. One of the most popular products has been spot bitcoin ETPs. Nasdaq's proposed in-kind redemptions for BlackRock's Bitcoin ETF further align crypto ETFs with traditional counterparts, boosting efficiency and liquidity. Additionally, crypto depositary receipts enable institutions to access digital assets without direct custody, bridging traditional markets and crypto in a regulated, familiar structure. Institutional investors are engaging through structures that blend traditional and digital techniques: hybrid funds, separately managed accounts (SMAs) and bespoke mandates. These tailor exposure while maintaining operational familiarity, providing institutions with regulated pathways to participate in this evolving ecosystem. Regulatory clarity remains critical. Recent SEC moves and a more crypto-forward administration signal openness to clearer frameworks, encouraging increased institutional engagement. Some traditional players are still taking a wait-and-see approach, cautiously observing market infrastructure and regulatory signals before committing capital at scale. On the other hand, firms like BlackRock, Fidelity and Citadel are entering the DeFi space. Institutional adoption is unlocking portfolio diversification, enhanced market efficiency and a more structured approach to risk management, all pointing to a more robust financial ecosystem. The institutionalization of digital assets and its convergence with traditional financial systems is not a passing trend, but a structural realignment of markets. Forward-looking institutions are not just participating, they're supporting the emerging ecosystem. For CIOs and allocators, this convergence presents an inflection point. The ability to navigate digital assets with TradFi discipline and DeFi innovation is becoming a key differentiator — placing emphasis on the importance of partnering with firms who have deep experience across both markets. As the financial landscape evolves, institutions that stay informed and insightful will find themselves positioned to adapt and thrive. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-03-2025
- Business
- Yahoo
BlackRock Launches Bitcoin ETP in Europe, Marking Key Step for Institutional Adoption Despite Modest Inflows
BlackRock has launched its iShares Bitcoin exchange-traded product (ETP) in Europe, marking a significant moment for Bitcoin's institutional adoption in the region. The product began trading on March 25 on major European exchanges, including Xetra, Euronext Amsterdam, and Euronext Paris. However, analysts believe that the demand for the ETP in Europe will be lower compared to the U.S. market, where BlackRock's iShares Bitcoin Trust ETF has experienced significant inflows. In fact, BlackRock's U.S. ETF has captured over 50% of the market share for spot Bitcoin ETFs, with its holdings valued at $49 billion as of March 27, 2025. While the launch in Europe is seen as a positive step for Bitcoin's mainstream adoption, analysts at Bitfinex pointed out that U.S. spot Bitcoin ETFs benefitted from deep institutional demand and strong retail investor participation, which hasn't yet been fully mirrored in Europe. Despite this, they believe that BlackRock's entry into the European market is an important development. They also mentioned that although the market in Europe may take time to grow, BlackRock's presence could encourage other institutions to consider Bitcoin investment products. According to Iliya Kalchev, an analyst at Nexo, the early-stage inflows in Europe shouldn't be seen as a failure. Instead, he attributes the smaller initial interest to structural market differences, suggesting that long-term success will rely more on factors like infrastructure, education, and regulatory clarity. Kalchev emphasized that BlackRock's established reputation can help build momentum over time, even if the initial inflows are modest. Despite the slower pace in Europe, the launch of BlackRock's Bitcoin ETP is still viewed as a critical step in the asset's global adoption. The firm, which manages over $11.6 trillion in assets, could potentially pave the way for more institutional investors to explore Bitcoin. As the regulatory environment surrounding cryptocurrencies evolves in Europe, analysts expect that institutional participation will grow, particularly as clearer regulations emerge. The U.S. market has seen rapid growth, with Bitcoin ETFs surpassing $126 billion in cumulative holdings by January 2025. However, European Bitcoin ETFs are expected to develop at a slower pace. As BlackRock's Bitcoin ETP continues to trade in Europe, its future success will depend on how well it can adapt to the market's unique characteristics and the infrastructure that supports it. Despite these challenges, analysts remain optimistic about the long-term outlook for Bitcoin's adoption in Europe.
