American ETP issuer ProShares has made another decisive move to expand its Bitcoin ETF products suite. The asset manager has applied to list three new Bitcoin-linked ETF products, with stock market native products as reserves. These filings come amid growing consideration of more leniency in U.S. SEC approvals next year with a new Chairman set to take office.

ProShares Bitcoin ETF filings
Per an update from ETF Store President Nate Geraci, the three filings from ProShares include the S&P 500 Bitcoin ETF, the Nasdaq-100 Bitcoin ETF and the Gold Bitcoin ETF, respectively.
Nate Geraci states these products are long in the underlying stocks or gold. These would now feature a short USD and long Bitcoin position using Bitcoin Futures offerings. The dual-faced model of these new ETFs made him call the prospective offerings "BTC hedged ETFs."

Since spot Bitcoin and Ethereum ETF products secured approval from the U.S. SEC, there has been no slowing down in the number of filings.

While the number of crypto ETFs like Litecoin, Hedera, Solana and XRP ETF products has grown, asset managers are also intensifying how these offerings target traditional finance products more closely.

Geraci aptly observed that "Bitcoin is starting to eat tradfi."

Year of crypto Wall Street takeover
The timing of the current filing has triggered commentary from market experts on how unrelenting ETF issuers are in driving more reach for the product. Beyond the $5,500 Ethereum price forecast from Galaxy Digital (TSX:GLXY), the firm also issued a major ETF adoption prediction.
As noted, at least one big asset manager will allocate 2% of its Assets Under Management (AuM) to Bitcoin, underscoring the potential for the asset to go mainstream on Wall Street.

Already, many traditional firms are buying Bitcoin through ETFs, complementing the unrelenting acquisitions from spot buyers like MicroStrategy.$BTC

U.Today - The calm of Sunday morning was shattered today by a sudden massive Bitcoin (BTC) shift. According to a report by Whales Alert, 8,427 BTC, equivalent to $818.69 million, were shifted between two unknown wallets.

If the recipient's wallet under the address "bc1q5x" is indeed unknown and has never been used, the sender's wallet has some links that may reveal the real owner behind it. As Arkham Intelligence's data shows, the address "bc1qe9" has previous ties to alleged Fortress Trust — a major custodian.

Interestingly, the company was on the verge of being acquired by Ripple last year, but the deal was called off. Whether this colossal amount of Bitcoin belongs to Fortress Trust or their former client is unknown. What is known is that such large transfers always have a ripple effect on the market and its participants.

Big moves like this don't usually go unnoticed, and for good reason. They tend to cause major market swings, especially on days when there's not a lot of trading activity. When there's less liquidity, even just the possibility of a follow-up move can make things more volatile.

When you see a transfer this big, especially outside of centralized exchanges, it's got to be more than just your everyday trading.

The implications? It is not something you can just ignore. These transfers are rarely just random. They are probably a sign of something bigger, like a strategic move, a change in the way big institutions are working together, or maybe even a new push into the market.

These are the times when the market participants love to speculate, but the answers are still unclear.$BTC

EOS was trading at $0.7666 by 00:09 (05:09 GMT) on the Investing.com Index on Sunday, down 10.13% on the day. It was the largest one-day percentage loss since December 18.

The move downwards pushed EOS's market cap down to $1.1928B, or 0.04% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $0.7666 to $0.8034 in the previous twenty-four hours.

Over the past seven days, EOS has seen a drop in value, as it lost 25.34%. The volume of EOS traded in the twenty-four hours to time of writing was $268.5354M or 0.16% of the total volume of all cryptocurrencies. It has traded in a range of $0.7051 to $1.1056 in the past 7 days.

At its current price, EOS is still down 96.66% from its all-time high of $22.98 set on April 29, 2018.

Elsewhere in cryptocurrency trading
Bitcoin was last at $95,912.6 on the Investing.com Index, down 1.71% on the day.

Ethereum was trading at $3,297.12 on the Investing.com Index, a loss of 5.34%.

Bitcoin's market cap was last at $1,906.8028B or 57.75% of the total cryptocurrency market cap, while Ethereum's market cap totaled $399.3461B or 12.09% of the total cryptocurrency market value. $EOS
$BNB

#BTCOutlook
Cardano was trading at $0.8900 by 02:58 (07:58 GMT) on the Investing.com Index on Sunday, down 10.06% on the day. It was the largest one-day percentage loss since December 9.

The move downwards pushed Cardano's market cap down to $31.2825B, or 0.94% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.

Cardano had traded in a range of $0.8706 to $0.9093 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 15.19%. The volume of Cardano traded in the twenty-four hours to time of writing was $1.4931B or 0.93% of the total volume of all cryptocurrencies. It has traded in a range of $0.7627 to $1.1192 in the past 7 days.

At its current price, Cardano is still down 71.28% from its all-time high of $3.10 set on September 2, 2021.

Elsewhere in cryptocurrency trading
Bitcoin was last at $96,136.7 on the Investing.com Index, down 2.95% on the day.

Ethereum was trading at $3,332.14 on the Investing.com Index, a loss of 5.44%.

Bitcoin's market cap was last at $1,904.8203B or 57.53% of the total cryptocurrency market cap, while Ethereum's market cap totaled $400.5008B or 12.10% of the total cryptocurrency market value.$ADA

U.Today - Renowned tech visionary Balaji Srinivasan, former CTO of Coinbase (NASDAQ:COIN) and GP of Andreessen Horowitz, shows two charts to display the rocketing opportunities of AI large language models (LLMs) and Bitcoin ETFs. Both are in their "vertical" growth phases, he says.

Bitcoin, AI going vertical: Two charts by Balaji Srinivasan
Bitcoin (BTC), the largest cryptocurrency, is going vertical together with artificial intelligence (AI). Such statement was made by Balaji Srinivasan, a legendary investor and entrepreneur on his X account with over 1 million followers.
To demonstrate the traction of Bitcoin (BTC) and AI, Srinivasan shared two charts. The first one demonstrates the opportunities of OpenAI's flagship models to solve various tasks. It is measured by Abstraction and Reasoning Corpus for Artificial General Intelligence (ARC-AGI) benchmarks.

Yesterday, Dec. 20, 2024, OpenAI's much-anticipated o3 model set a new record, hitting 87.5% on ARC-AGI public data set. As demonstrated by Balaji Srinivasan, this is a 10x more powerful result compared to GPT-4o, the strongest of ChatGPT's mainstream models today.

In turn, GPT-4o performs 500% better than GPT-3, the model that kickstarted the AI euphoria in 2023.

The second chart by Balaji Srinivasan showcases the dynamics of USD-denominated AUM of BlackRock (NYSE:BLK) iShares ETFs on Gold and spot Bitcoin. Launched less than one year ago, BlackRock's Bitcoin spot ETFs exceeded their Gold-based predecessors by almost 73%.

Bitcoin (BTC) grows faster than internet: Opinion
As of press time, Bitcoin spot ETFs by BlackRock total $57.8 billion in AUM, while Gold-based exchange-traded products are sitting at $33 billion.
Bitcoin spot ETFs in the U.S. were approved Jan. 11, 2024. In total, they amassed $113 billion in AUM across 21 products.

Commenting on Balaji Srinivasan's estimations, tech veteran and former Phunware CEO Alan Knitowski noticed that Bitcoin (BTC) might surpass the internet in adoption impetus.$BTC

Litecoin was trading at $103.179 by 04:57 (09:57 GMT) on the Investing.com Index on Saturday, up 10.49% on the day. It was the largest one-day percentage gain since December 2.

The move upwards pushed Litecoin's market cap up to $7.764B, or 0.41% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.

Litecoin had traded in a range of $100.340 to $105.955 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 16.22%. The volume of Litecoin traded in the twenty-four hours to time of writing was $1.309B or 0.55% of the total volume of all cryptocurrencies. It has traded in a range of $86.9455 to $131.3271 in the past 7 days.

At its current price, Litecoin is still down 75.43% from its all-time high of $420.00 set on December 12, 2017.

Elsewhere in cryptocurrency trading
Bitcoin was last at $98,537.4 on the Investing.com Index, up 3.96% on the day.

Ethereum was trading at $3,479.14 on the Investing.com Index, a gain of 6.66%.

Bitcoin's market cap was last at $1,950.033B or 102.37% of the total cryptocurrency market cap, while Ethereum's market cap totaled $418.241B or 21.96% of the total cryptocurrency market value. $LTC

XRP was trading at $2.3200 by 05:12 (10:12 GMT) on the Investing.com Index on Saturday, up 12.47% on the day. It was the largest one-day percentage gain since December 2.

The move upwards pushed XRP's market cap up to $132.7238B, or 3.88% of the total cryptocurrency market cap. At its highest, XRP's market cap was $155.2807B.

XRP had traded in a range of $2.2525 to $2.3852 in the previous twenty-four hours.

Over the past seven days, XRP has seen a drop in value, as it lost 5.98%. The volume of XRP traded in the twenty-four hours to time of writing was $24.7873B or 9.20% of the total volume of all cryptocurrencies. It has traded in a range of $1.9632 to $2.7239 in the past 7 days.

At its current price, XRP is still down 29.48% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading
Bitcoin was last at $98,575.9 on the Investing.com Index, up 4.00% on the day.

Ethereum was trading at $3,484.34 on the Investing.com Index, a gain of 6.81%.

Bitcoin's market cap was last at $1,950.4437B or 56.97% of the total cryptocurrency market cap, while Ethereum's market cap totaled $419.0825B or 12.24% of the total cryptocurrency market value.
#MarketPullback $XRP

Ethereum was trading at $3,445.00 by 06:55 (11:55 GMT) on the Investing.com Index on Saturday, up 10.42% on the day. It was the largest one-day percentage gain since November 6.

The move upwards pushed Ethereum's market cap up to $415.37B, or 12.20% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $3,427.85 to $3,555.05 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 11.63%. The volume of Ethereum traded in the twenty-four hours to time of writing was $46.70B or 19.37% of the total volume of all cryptocurrencies. It has traded in a range of $3,103.7180 to $4,102.8984 in the past 7 days.

At its current price, Ethereum is still down 29.17% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading
Bitcoin was last at $98,243.7 on the Investing.com Index, up 5.84% on the day.

Tether USDt was trading at $0.9996 on the Investing.com Index, a gain of 0.10%.

Bitcoin's market cap was last at $1,943.92B or 57.10% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $139.84B or 4.11% of the total cryptocurrency market value.
#MarketPullback $ETH

U.Today - In a recent tweet, Robert Kiyosaki, the author of the popular book on managing finance “Rich Dad Poor Dad,” investor and entrepreneur, raised the topic of Bitcoin, U.S. government spending and the Fed Reserve.

He also made an important warning to the financial markets as to how he sees their nearest future.

Best assets to park your money in per Kiyosaki
Kiyosaki got on his hobby-horse right from the start, saying that he does not trust the "US Givernment" (hinting at the excessive spending over the past few years), the U.S. Treasury and the Federal Reserve. He added that he stopped trusting the government back in 1965, when he took notice that U.S. “silver coins were now alloys of cooper.”
Kiyosaki also reminded his readers about president Nixon removing the gold standard that had been used to back the U.S. dollar until then: “Nixon took the US dollar off the gold standard.”

It was then, the financial expert revealed, that he began to “save” gold, silver, and these days he is saving Bitcoin.

Today, he said, “the best assets for your money are real gold, silver, and Bitcoin.”

Bitcoin to $350,000 in 2025, Kiyosaki believes
Earlier this week, Robert Kiyosaki made a bold prediction, saying that he expects the world’s flagship cryptocurrency Bitcoin to skyrocket to $350,000, largely thanks to the new U.S. president who supports crypto and intends to build a Strategic Bitcoin Reserve for the U.S. in the next few years.
So far, he has recommended that the community should start accumulating Bitcoin in parts, buying Satoshis, since one single BTC back then was worth more than $106,000. After that BTC soared above $108,000. From Tuesday to Friday, Bitcoin plummeted by 15%, falling from $108,380 to $92,640 on the news of the Fed Reserve planning to reduce its dovish policy and make a much smaller interest rate cut next year. By now, Bitcoin has managed to recover 7%, rising to $99,150. $BTC

This year, the correlation between the cryptocurrency market and traditional finance is more entrenched than ever before. This was largely due to the introduction of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds, the arrival of BlackRock (NYSE:BLK), VanEck, Fidelity and many other giant financial institutions to the market.

On the one hand, the market has seen a great leap in adoption, but on the other hand, its independence and originality have noticeably decreased, and the movements of a number of cryptocurrencies are repeating the performance of key stock market indices. We mean the U.S. stock market, of course.

Now, in anticipation of the opening of the U.S. market, one can often see large movements of cryptocurrencies, mainly the same BTC and ETH. Sometimes, however, these transfers cause more excitement than most.

For example, in the last hour, such a surprise was caused by the transfer of 1,762 BTC, which is equivalent to almost $180 million, as well as 20,467 ETH, equal to about $75.46 million.

Such moves from unknown wallets to centralized exchanges are causing excitement among crypto market participants, due to the fact that they are considered a harbinger of an imminent sale by a major player.

Whether that is the case here is an open question. Nevertheless, right now, the price of Bitcoin is not falling, but even on the contrary is cheerfully green by more than 2.1%, which is very impressive for an asset with a capitalization of more than $2 trillion. The price of Ethereum is also trading in the plus side since the opening of the trading day.$BTC
$ETH
$BNB

Ethereum was trading at $3,473.09 by 12:50 (17:50 GMT) on the Investing.com Index on Thursday, down 10.31% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Ethereum's market cap down to $423.79B, or 12.41% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $3,473.09 to $3,719.52 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 10.78%. The volume of Ethereum traded in the twenty-four hours to time of writing was $55.93B or 20.29% of the total volume of all cryptocurrencies. It has traded in a range of $3,473.0872 to $4,102.8984 in the past 7 days.

At its current price, Ethereum is still down 28.60% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading
Bitcoin was last at $98,663.9 on the Investing.com Index, down 5.72% on the day.

Tether USDt was trading at $0.9985 on the Investing.com Index, a loss of 0.12%.

Bitcoin's market cap was last at $1,959.58B or 57.38% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $140.48B or 4.11% of the total cryptocurrency market value.$ETH

Litecoin was trading at $102.352 by 12:56 (17:56 GMT) on the Investing.com Index on Thursday, down 11.37% on the day. It was the largest one-day percentage loss since December 18.

The move downwards pushed Litecoin's market cap down to $7.854B, or 0.41% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.

Litecoin had traded in a range of $100.857 to $111.649 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 14.73%. The volume of Litecoin traded in the twenty-four hours to time of writing was $1.775B or 0.75% of the total volume of all cryptocurrencies. It has traded in a range of $100.8572 to $131.3271 in the past 7 days.

At its current price, Litecoin is still down 75.63% from its all-time high of $420.00 set on December 12, 2017.

Elsewhere in cryptocurrency trading
Bitcoin was last at $98,168.4 on the Investing.com Index, down 6.19% on the day.

Ethereum was trading at $3,458.78 on the Investing.com Index, a loss of 10.85%.

Bitcoin's market cap was last at $1,959.578B or 102.87% of the total cryptocurrency market cap, while Ethereum's market cap totaled $423.792B or 22.25% of the total cryptocurrency market value.$LTC

Cryptocurrency platforms lost $2.2 billion in 2024, from hacking, a jump of 21% from last year, according to Chainalysis.

This marks the fourth consecutive year losses have exceeded $1 billion, with incidents rising to 303 from 282 in 2023.

The surge comes as bitcoin soared 140% this year, surpassing $100,000 and attracting institutional investors and support from U.S. President-elect Donald Trump.

"As the digital asset market booms, it is typical to see the illicit use of crypto grow in tandem," Chainalysis' cybercrimes research lead Eric Jardine said.

Most stolen funds resulted from private key breaches, primarily targeting centralized platforms. Major hacks included $305 million from Japan's DMM Bitcoin in May and $235 million from India’s WazirX in July.

North Korea-linked crypto theft hit a record $1.3 billion in 2024, more than doubling from last year, the report said. The UN has previously stated that cryptocurrency helps North Korea evade sanctions, a claim the country denies.$BTC

EOS was trading at $0.8126 by 15:03 (20:03 GMT) on the Investing.com Index on Thursday, down 16.02% on the day. It was the largest one-day percentage loss since December 9.

The move downwards pushed EOS's market cap down to $1.2518B, or 0.04% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $0.8124 to $0.9267 in the previous twenty-four hours.

Over the past seven days, EOS has seen a drop in value, as it lost 25.32%. The volume of EOS traded in the twenty-four hours to time of writing was $448.9281M or 0.15% of the total volume of all cryptocurrencies. It has traded in a range of $0.8124 to $1.1175 in the past 7 days.

At its current price, EOS is still down 96.46% from its all-time high of $22.98 set on April 29, 2018.

Elsewhere in cryptocurrency trading
Bitcoin was last at $96,740.6 on the Investing.com Index, down 5.99% on the day.

Ethereum was trading at $3,406.90 on the Investing.com Index, a loss of 9.98%.

Bitcoin's market cap was last at $1,922.2076B or 58.16% of the total cryptocurrency market cap, while Ethereum's market cap totaled $412.7438B or 12.49% of the total cryptocurrency market value.$EOS

nice

hi

nice

The Shibburn data tracking platform has revealed that the SHIB community has succeeded in removing SHIB meme coins from circulation. However, there is nuance with this massive burn that does not make it look that good.

This coincided with the large SHIB price drop by roughly 10%.

131.2 million SHIB burned in past week
The recently published tweet revealed that over the past seven days, the SHIB community has transferred 131,204,000 SHIB to a dead-end wallet. Still, the weekly burn rate has plunged by 67.29%.
As for daily SHIB burns, things look more optimistic here in terms of the burn rate reading: +69.28%. However, the amount of burned Shiba Inu meme coins is 21.8x smaller and comprises 6,181,175 meme coins. It was achieved thanks to eight burn transactions. The largest ones burned 2,874,467; 1,701,750; 1,463,776 and 1,000,000 SHIB.

According to Shibburn, by now, a total of 410,742,824,445,039 SHIB have been transferred to unspendable wallets, while 584,120,275,779,942 SHIB keep circulating on the cryptocurrency market.

650 SHIB sold by early whale
As reported by U.Today earlier, an early cryptocurrency whale, who purchased more than 15 trillion Shiba Inu four years ago, sold two massive batches of Shiba Inu, which together comprise 650 billion SHIB.
The bigger transaction, carrying 400 billion SHIB, was tracked by @spotonchain. The funds were sent to Gemini, the crypto exchange founded by the Winklevoss twins, Tyler and Cameron, based in the U.S. The 400 billion SHIB is valued at $9.69 million.

The second transaction was reported by the @lookonchain account as the same early SHIB investor transferred 250 billion SHIB. The destination was not mentioned. After buying 15.2 trillion Shiba Inu and the recent sales, this whale now holds roughly two trillion SHIB worth $48.54 million in fiat.

SHIB market performance
Over the last day, the second largest canine-themed cryptocurrency has stopped by approximately 10%, losing the $0.00002617 level and landing at $0.00002338. By now, SHIB has recovered by 4.27% and is trading at $0.00002440.$SHIB

According to analytics X account @Spotonchain, earlier today, two staggering amounts of Shiba Inu meme coins were sold.

This has happened as the second most popular in the market meme cryptocurrency, SHIB, has demonstrated a roughly 10% price decline as it reacted to Bitcoin’s recent bearish trajectory caused by the Fed Reserve’s statement and the unfulfilled expectations of crypto holders.

Early whale moves 400 billion SHIB to Gemini
The aforementioned source of on-chain data reported that an early holder of Shiba Inu who had earned a whopping $108 million profit on SHIB had made another large deposit, moving an impressive 399.99 billion of this meme coin to the major U.S.-headquartered crypto exchange Gemini. That amount of SHIB, if sold, would bring the whale slightly under $10 million.
That whale purchased a jaw-dropping amount of SHIB on Aug. 7, 2020 – 15.2 trillion – for just 10 ETH.

This early whale now owns two trillion Shiba Inu worth $48.54 million, which constitutes an estimated overall profit of $107.7 million – that is, a 3.7x return from their initial SHIB investment made four years ago.

Whales selling SHIB as price plummets
Another analytics report was published to show that SHIB whales seem to be liquidating all or at least large part of their meme coin holdings as the SHIB price has demonstrated a roughly 10% decline over the past 24 hours.
SHIB went from $0.00002618 down to the $0.00002345 level. By now, this deep decline has been partially recovered as SHIB has increased by a minor 2.64%.

Over the past 10 days, the popular meme cryptocurrency has lost more than 21%, plunging from $0.00003076 to $0.00002409, where it is changing hands at writing time.

Other sources also show that whales have been sending their SHIB coins to exchanges, pushing the price down. The SHIB price mirrors the recent bearish move in the Bitcoin price, as BTC dropped by approximately 5%, briefly crashing below the $100,000 level.
$SHIB $BNB


#MarketCorrectionBuyOrHODL

XRP was trading at $2.2837 by 15:09 (20:09 GMT) on the Investing.com Index on Wednesday, down 12.87% on the day. It was the largest one-day percentage loss since December 9.

The move downwards pushed XRP's market cap down to $138.8200B, or 3.85% of the total cryptocurrency market cap. At its highest, XRP's market cap was $155.2807B.

XRP had traded in a range of $2.2837 to $2.5882 in the previous twenty-four hours.

Over the past seven days, XRP has seen a stagnation in value, as it only moved 0.22%. The volume of XRP traded in the twenty-four hours to time of writing was $16.0214B or 8.15% of the total volume of all cryptocurrencies. It has traded in a range of $2.2733 to $2.7239 in the past 7 days.

At its current price, XRP is still down 30.59% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading
Bitcoin was last at $101,092.0 on the Investing.com Index, down 5.06% on the day.

Ethereum was trading at $3,687.00 on the Investing.com Index, a loss of 6.56%.

Bitcoin's market cap was last at $2,037.5124B or 56.55% of the total cryptocurrency market cap, while Ethereum's market cap totaled $456.3904B or 12.67% of the total cryptocurrency market value.$XRP
$BNB

#MarketCorrectionBuyOrHODL