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Wall Street’s Bitcoin Bet: BlackRock’s ETF Poised to Rewrite Financial History
Hodl Topic
April 25, 2025
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Cryptocurrencies: 14.33M
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Market Cap: $2.93T (+0.84%)
24h Volume: $92.79B (-13.49%)
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Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $93,296.21 | +1.09% | $1.85T | $33.01B |
Ethereum (ETH) | $1,771.54 | +0.44% | $213.86B | $15.16B |
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📈 Preview On Today’s News:
- Wall Street’s Bitcoin Bet: BlackRock’s ETF Poised to Rewrite Financial History
- Stablecoin Surge: Coinbase and PayPal Ignite Global Crypto Payment Shift
- Federal Reserve Unshackles Banks from Crypto Restrictions
Keep reading below for more!
Today’s News:
1)
Wall Street’s Bitcoin Bet: BlackRock’s ETF Poised to Rewrite Financial History
Michael Saylor, Executive Chairman of MicroStrategy, boldly declared that BlackRock’s spot Bitcoin ETF (IBIT) is on track to become the world’s largest exchange-traded fund within a decade. Launched in January 2024, IBIT amassed over $53 billion in assets in a few months, breaking records as the fastest-growing ETF in history. Saylor emphasized that Bitcoin is emerging as a strategic treasury asset for corporations, offering a hedge against inflation and fiat devaluation. Institutional inflows into Bitcoin ETFs now exceed $106 billion, marking a shift in how major investors perceive crypto—from speculative gamble to long-term financial pillar. As macroeconomic factors align, the institutional embrace of Bitcoin is just beginning.
BlackRock’s Bitcoin ETF (IBIT) has grown to over $53 billion in assets since its January 2024 launch, becoming the fastest-growing ETF ever and earning “Best New ETF” honors.
Michael Saylor forecasts that IBIT will become the largest ETF globally, as institutional investors increasingly turn to Bitcoin to counter inflation and preserve corporate value.
2)
Stablecoin Surge: Coinbase and PayPal Ignite Global Crypto Payment Shift
Coinbase and PayPal have expanded their strategic partnership to accelerate the adoption of PayPal’s PYUSD stablecoin, aiming to reshape the digital payments landscape. This collaboration enables zero-fee conversions from USD to PYUSD on Coinbase, fueling a rapid increase in stablecoin usage—transaction volumes soared from $6.2 trillion in 2023 to $22 trillion in 2024. The alliance also extends PYUSD functionality to PayPal’s vast merchant network, while exploring new on-chain applications to broaden stablecoin utility. By prioritizing financial inclusion and regulatory compliance, the initiative positions PYUSD as a cornerstone for next-gen global crypto payments.
Coinbase and PayPal eliminate USD-to-PYUSD conversion fees, promoting mass stablecoin adoption amid a 250% spike in transaction volume from 2023 to 2024.
The partnership expands merchant access and explores on-chain innovations, aiming to make PYUSD a key player in global financial inclusion and crypto payment infrastructure.
3)
Federal Reserve Unshackles Banks from Crypto Restrictions
The Federal Reserve announced on April 24, 2025, that it is officially rescinding its 2022 and 2023 crypto guidance for banks, significantly easing regulatory barriers. Previously, banks were required to notify or seek approval before engaging in crypto-asset activities, a policy born from the heightened caution following major industry collapses like FTX. Under the leadership of Chair Jerome Powell, this reversal promotes greater innovation and institutional participation in the crypto sector while maintaining standard supervisory processes. Bitcoin and Ethereum prices responded positively, each rising by 1-2%, reflecting renewed market optimism. This regulatory shift could spur broader bank adoption of blockchain technologies and decentralized finance (DeFi) services, signaling a major pivot toward crypto integration in traditional banking.
Federal Reserve rescinds prior crypto guidance, removing mandatory bank notifications for crypto activities and easing entry barriers for institutional crypto adoption.
Bitcoin and Ethereum prices rose 1-2% after the announcement, reflecting increased confidence and signaling a potential surge in mainstream bank involvement with crypto and blockchain technologies.
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This newsletter (Hodl Topic, hodltopic.com) is based on our data and opinions, provided solely for informational purposes. It does not constitute financial advice. Cryptocurrency investments involve significant risks, so it’s essential to conduct thorough research and consult a qualified financial advisor before making any investment decisions. We are not liable for any financial gains or losses resulting from the use of this information.