BlackRock’s market dominance: BlackRock achieved an 860 million USD influx in its iShares Bitcoin Trust and Ethereum Trust within one day. This increase illustrates BlackRock’s significant influence in the cryptocurrency ETF market, with the Bitcoin Trust alone receiving 733.6 million USD.
Bitcoin’s growth and Ethereum’s volatility: Bitcoin recently surged past 100,000 USD, driven by institutional demand and positive regulatory news. Meanwhile, Ethereum’s Trust showed volatility but accrued 1.5 billion USD since launch, contrasting with Grayscale’s Trust, which faced 3.5 billion USD in outflows.