The largest public fund tracking bitcoin (BTC) recorded its highest outflows on Thursday, nearly one year after going live. BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, according to data source SoSoValue . These exceed a short-held previous record of $188 million in late December. IBIT has recorded a string of outflows since Dec. 20 for the first time in its history, data shows, ranging from $17 million to as much as Thursday’s figures. Large outflows can be seen as a lack of confidence in the ETF`s strategy, sector, or broader market segment. However, it could also be due to investors rebalancing their portfolios or taking profits, not necessarily a negative outlook on the ETF. Other ETFs recorded inflows, however, with Bitwise’s BITB taking on $48 million and Fidelity’s FBTC taking in $36 million. Grayscale’s GBTC was the only other ETF with outflows at $23 million. Bitcoin trades just under $97,000 at writing time, up 1.5% in the past 24 hours.
CoinDesk
You can visit the page to read the article.
Source: CoinDesk
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Political Musk (MUSKPOL) Solana Memecoin Will Explode 15,000% Before Exchange Listings, As BONK, SHIB and DOGE Lag
Political Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Political Musk (MUSKPOL), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because MUSKPOL is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Political Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Political Musk could become the next viral memecoin. Political Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Political Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Political Musk by entering its contract address – 83NbnS4MYFrKchMSKr1cpAnabfxwNySy19MB7Zy6chr – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKPOL. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. CoinDesk
Real Vision’s Raoul Pal Says “They’ll Come In and Buy XRP Anyway”. Here’s why
Raoul Pal, CEO of Real Vision and prominent investment strategist, recently discussed XRP’s enduring popularity among general investors. Despite its association with a high-profile legal battle involving Ripple and the U.S. Securities and Exchange Commission (SEC), the asset remains one of the leading cryptocurrencies by market capitalization. Pal offered insights into why the token continues to attract attention, even as new trends emerge in the crypto industry. I think you are midcurve in over thinking of this! Fartcoin funny. Holds attention. Ai16z not interesting to normies. They`ll come in an buy XRP anyway… — Raoul Pal (@RaoulGMI) January 2, 2025 Accessibility for New Investors In a recent post on X, Pal highlighted XRP’s broad appeal, especially for individuals new to the cryptocurrency market. According to him, the simplicity and familiarity of XRP make it a favored option for everyday investors compared to other complex or niche crypto projects. He contrasted this trend with the rise of AI agents in the crypto ecosystem. AI agents, which utilize artificial intelligence to perform autonomous blockchain transactions, have gained traction due to their potential applications in portfolio management and on-chain activities. However, Pal dismissed the enthusiasm around these technologies as a passing trend fueled by high-risk investors looking for excitement. In his post, he remarked that while these advancements attract attention from some market participants, the average individual is more likely to invest in XRP, given its reputation as a straightforward entry point into the crypto space. What Makes XRP Stand Out? Although Pal did not elaborate on the specifics, the asset’s consistent appeal to general investors can be attributed to several factors. These include its low transaction fees, straightforward use cases, and association with Ripple—a well-established company recognized for its expertise in cross-border payment solutions. These qualities position the token as a user-friendly option, especially for those seeking less complexity in the volatile world of cryptocurrency. Moreover, XRP has cultivated a strong and loyal community over the years. This “cult-like” following, as Pal described in a 2024 video, continues to play a significant role in sustaining the asset’s relevance. The reputation Ripple has built, combined with the token’s ease of use, reinforces its position as a gateway cryptocurrency for newcomers. Interestingly, Pal’s current acknowledgment of XRP’s appeal contrasts with his earlier skepticism. In mid-2024, he urged investors to move away from the asset, suggesting that it lacked relevance in comparison to emerging projects that followed market trends. However, he revised his stance as the digital asset demonstrated impressive growth later that year. Between November and December 2024, the token surged by 475%, significantly outperforming the broader cryptocurrency market. The rally that followed Donald Trump’s reelection, sparked optimism regarding potential regulatory clarity under the incoming administration. This development contrasted sharply with the legal challenge s XRP faced under the SEC, which had previously sought to classify it as a security. Token’s Position Amidst Shifting Trends While new narratives, such as the rise of AI agents, continue to shape the crypto landscape, Pal’s remarks underscore the token’s enduring appeal among average investors. Its ease of use, reliability, and association with Ripple make it a consistent choice for those entering the market. Although the ongoing evolution of blockchain technology introduces new investment opportunities, the token’s ability to maintain its relevance speaks to its unique position in the industry. Pal’s acknowledgment of this dynamic offers valuable insight into how certain assets remain resilient in an environment familiar with constant change. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post Real Vision’s Raoul Pal Says “They’ll Come In and Buy XRP Anyway”. Here’s why appeared first on Times Tabloid . CoinDesk