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.

BTC3.07%
ETH6.27%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GateUser-a606bf0cvip
· 01-13 06:14
Blackstone's remarks are true; BTC is just beginning, and institutions are still in the exploration stage.
View OriginalReply0
GateUser-40edb63bvip
· 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.
View OriginalReply0
MerkleMaidvip
· 01-12 21:49
Blackstone says Bitcoin is even earlier? Then our group of people must have made a killing, haha.
View OriginalReply0
FlatTaxvip
· 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.
View OriginalReply0
MemeTokenGeniusvip
· 01-12 21:35
Blackstone says Bitcoin is still in its early stages, I believe that. Next time, don't believe it again, okay?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)