Tag:

260M

Decrypt logo
GameFi Guides

Solana, Dogecoin and Others Lead Gains as Short Liquidations Top $260M

by admin



In brief

  • Top alcoins have risen 3–4% in the past 24 hours, partially reversing last week’s sell-off.
  • About $345 million in crypto liquidations were recorded, mostly from short positions.
  • One analsyt expects near-term consolidation before capital rotation into select altcoin segments in Q4.

A weekend surge in crypto has partially erased last week’s losses as traders look to regain a bullish foothold in the market.

Solana, Dogecoin, Cardano, Ethereum, and XRP have led gains among the ten largest cryptocurrencies by market value, rising between 3% and 4% on the day, according to CoinGecko.

Nearly $260 million worth of short positions have been wiped out, bringing the 24-hour total for all liquidations to $345 million, according to CoinGlass figures.

Shivam Thakral, CEO of BuyUcoin, told Decrypt the uptick in Bitcoin has triggered a short-covering move, which in turn has amplified prices for altcoins. 

Short covering occurs when sellers are forced to buy their positions to offset losses as the price moves against them. 

Due to a correlation between Bitcoin and altcoins, Thakral expects prices to consolidate until traders begin rotating capital into altcoins sometime this week.

Looking to the fourth quarter, Thakral expects narrative-driven altcoin sectors, such as Layer 2, AI, and staking derivatives, to attract a bid. 

While a handful of altcoins may experience “outsized returns,” others that lack “story, roadmap, and adoption” are likely to stagnate, he added.

Experts who previously spoke to Decrypt have shared a similar bullish outlook for Bitcoin and the broader crypto market, despite last week’s downtrend and institutional outflow.

The Fear and Greed Index, meanwhile, has bounced from fear territory last Friday to neutral as of Monday, according to CoinGlass data, reflecting the broader bullish sentiment following the weekend rally.

The overall crypto market capitalization hovers around $2.23 trillion, up 2.35% in the last 24 hours.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Blackrock Dominates With $260M Crypto Etf Revenue, Outpaces Rivals
Crypto Trends

BlackRock Dominates With $260M Crypto ETF Revenue, Outpaces Rivals

by admin



In less than two years, BlackRock has established its Bitcoin and Ethereum exchange-traded funds (ETFs) as a multi-million-dollar business line. According to data shared by Leon Waidmann, research director at the Onchain Foundation, the firm’s crypto ETF business generates $260 million in annualized revenue, comprising $218 million from Bitcoin ETFs and $42 million from Ethereum products. 

BlackRock has quietly built a crypto empire!👇

In less than 2 ye,ars their Bitcoin and Ethereum ETFs are generating over $260M in annual revenue.

🔸 $218M from Bitcoin
🔸 $42M from Ethereum

That’s a quarter-billion-dollar business, built almost overnight. For comparison, many… pic.twitter.com/NuhZnlMMAS

— Leon Waidmann 🔥 (@LeonWaidmann) September 23, 2025

Blockchain analytics platform Dune, corroborates the firm’s dominance, reporting that BlackRock has close to $85 billion in assets under management (AUM), representing over 57% of the U.S. spot Bitcoin ETF market. Fidelity’s ETF takes in $22.8 billion, capturing only 15.34% of the market. 

BlackRock’s dominance is reinforced by consistent ETF flows. According to Farside, IBIT has attracted over $60B and ETHA $13B since launch. On September 22nd, IBIT flows were flat while ETHA saw a $15.1M outflow. Even with daily fluctuations, BlackRock’s market share remains unchallenged.

Institutional Benchmark and Market Impact

BlackRock’s release of the size of revenue represents a significant change. Cryptocurrency ETFs are no longer a novelty. They are core profit generators for those in asset management and investment management. To put it in perspective, many fintech unicorns take ten years to generate a similar amount of revenue. 

Waidmann argued that such profitability could be a jumping point for pension plans, sovereign funds, and insurance companies, pushing the TradFi to see a digital asset as a legitimate business line rather than as a novel opportunity.

BlackRock’s large market share might demonstrate to other financial platforms that regulated crypto ETFs can be profitable revenue streams as well as prudent and long-term value to traditional long-established institutional portfolios.

Looking Ahead: Beyond ETFs

At the start of the month, we reported that BlackRock is in fact exploring tokenized ETFs shortly after the success of their Bitcoin fund. If their existing products can generate $260M annually, tokenization would drive further profitability while creating access to even more investors across global markets.

This trajectory also establishes BlackRock as the leader in crypto ETFs, and perhaps a model for introducing digital assets into traditional finance.

The implications are obvious: crypto has transitioned from being a speculative asset class to being a mainstream revenue producer at the heart of global finance.

BlackRock’s crypto ETFs now play the role of a profitability benchmark for institutions across the globe. Their leadership shows that digital assets are no longer on the fringes of the financial world but are entrenched in mainstream institutional strategy.  

As the ETFs open the door, the next stage of BlackRock’s approach could move to tokenized funds and/or broader digital asset participation, changing the way traditional finance intersects with crypto in the coming years.

Also Read: Maple Finance Hits $4B AUM, Overtakes BlackRock’s BUIDL





Source link

0 comments
0 FacebookTwitterPinterestEmail
Close