Barclays Invests 131 Million USD in BlackRock's Bitcoin ETF
The bank #Barclays of England has disclosed an investment worth 131 million USD in BlackRock's Bitcoin Trust Fund (IBIT).
According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on 02/13, Barclays currently holds 2,473,064 shares of IBIT as of 12/31/2024.
This move demonstrates the growing interest of major financial institutions in cryptocurrencies.Ethereum Controversy Over Upcoming Network Upgrade
The main developers of Ethereum are rushing to finalize two important network upgrades, with the first milestone just days away.
However, controversy has arisen regarding the implementation of the EVM Object Format (EOF), a technical change that could significantly impact Ethereum's billion-dollar ecosystem.
This debate could affect the timeline of the network upgrades in the near future.FED Governor: Stablecoin Expands Reach of the US Dollar
The Governor of the U.S. Federal Reserve (FED), Christopher Waller, has stated that stablecoins could expand the reach of the US dollar.
He called for the establishment of a legal framework that allows banks to issue digital currencies pegged to the dollar.
Waller emphasized that stablecoins are a "significant breakthrough" with the potential to improve retail and cross-border payments.SEC Reviewing XRP ETF
The U.S. Securities and Exchange Commission (SEC) is currently reviewing the proposal to launch an XRP ETF, marking a significant turning point for the Ripple community.
If approved, this would be the first ETF dedicated to $XRP in the U.S. market, opening up access to this digital asset for traditional investors.
The final decision is expected to be made in the coming months, attracting significant interest from the global crypto community.Cash Flow into Bitcoin ETF Soars in January 2025
According to data from Farside Investors, Bitcoin ETFs in the U.S. attracted cash flow of up to 5 billion USD in January 2025.
Forecasts suggest that this trend will continue in 2025, with total cash flow potentially exceeding 50 billion USD.
BlackRock's IBIT fund leads with 3.2 billion USD, followed by Fidelity's Wise Origin Bitcoin Fund with 1.3 billion USD.Bitcoin Price Forecast Could Reach 200,000 USD by the End of 2025
Analysts predict the price #bitcoin could reach 200,000 USD by the end of 2025.
The increase in investments from major financial institutions, along with the broader acceptance of cryptocurrencies, is believed to be the key factors driving the value of Bitcoin in the coming years.
Note: The information above is compiled from reliable sources and reflects the market situation for the week from 02/10 to 02/16/2025. Investors should carefully consider before making decisions. #anhbacong