Major institutions continue signaling confidence in crypto markets amid mixed technical conditions. BlackRock's chief investment strategist recently remarked on live television that Bitcoin adoption remains in its nascent phase, suggesting substantial runway ahead for institutional capital. Meanwhile, Riot Platforms offloaded $162 million in Bitcoin holdings as network mining difficulty adjusted downward—a tactical move reflecting operational cost management during hashrate fluctuations. On the ETF front, a prominent U.S. banking giant with $1.67 trillion in assets under administration has submitted formal SEC documentation for an Ethereum Trust Exchange-Traded Fund, marking another milestone in mainstream financial infrastructure development. These parallel moves—ranging from strategic commentary to derivative products to operational adjustments—paint a picture of an evolving market where institutions are simultaneously building positions, hedging exposure, and expanding access vehicles for retail participation.
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GateUser-a606bf0c
· 01-13 06:14
Blackstone's remarks are true; BTC is just beginning, and institutions are still in the exploration stage.
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GateUser-40edb63b
· 01-12 21:50
BlackRock is at it again, still talking about the "early stage"... Come on, guys, it's already 2024, and you're still telling stories? However, I can't quite understand the Riot sale of $162 million—do they really can't hold on anymore? Anyway, with ETFs and institutions involved, it looks like the retail investors are going to get cut again.
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MerkleMaid
· 01-12 21:49
Blackstone says Bitcoin is even earlier? Then our group of people must have made a killing, haha.
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FlatTax
· 01-12 21:49
Nah, this wave of BlackRock is again promising retail investors, claiming Bitcoin is still in the nascent phase? Just listen to it. The real situation is that institutions have already gotten on board halfway through.
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MemeTokenGenius
· 01-12 21:35
Blackstone says Bitcoin is still in its early stages, I believe that. Next time, don't believe it again, okay?
Major institutions continue signaling confidence in crypto markets amid mixed technical conditions. BlackRock's chief investment strategist recently remarked on live television that Bitcoin adoption remains in its nascent phase, suggesting substantial runway ahead for institutional capital. Meanwhile, Riot Platforms offloaded $162 million in Bitcoin holdings as network mining difficulty adjusted downward—a tactical move reflecting operational cost management during hashrate fluctuations. On the ETF front, a prominent U.S. banking giant with $1.67 trillion in assets under administration has submitted formal SEC documentation for an Ethereum Trust Exchange-Traded Fund, marking another milestone in mainstream financial infrastructure development. These parallel moves—ranging from strategic commentary to derivative products to operational adjustments—paint a picture of an evolving market where institutions are simultaneously building positions, hedging exposure, and expanding access vehicles for retail participation.