Crypto: BlackRock Alerts About A Major Weakness For Its Ethereum ETF!
The Ethereum ETFs pave the way for wider institutional adoption, but remain incomplete. For Robbie Mitchnick from BlackRock, their main drawback lies in the absence of staking, a pillar of yield on Ethereum. This lack could limit their competitiveness against direct investment strategies, which calls into question their ability to meet the expectations of professional investors.
The Ethereum ETF from BlackRock quickly established itself as a major player in the market, with 7 billion dollars in assets under management since its launch.
This enthusiasm illustrates the appeal of institutions for a product that facilitates access to Ethereum while eliminating the custody and security constraints associated with crypto. In just a few months, Ethereum ETFs recorded 2.5 billion dollars in net inflows, confirming the growing interest of professional investors in this asset class.
However, this positive momentum masks signs of fatigue. For the past 11 days, Ethereum ETFs have recorded 358 million dollars in net outflows, a trend that coincides with a more uncertain market climate and Ethereum’s underperformance compared to Bitcoin.
Robbie Mitchnick mentions a key factor at the Digital Asset Summit 2025 from March 18 to 20, 2025, in New York City: the absence of yield via staking. “A staking yield is an essential component of return on investment in this space,” he stated .
Currently, the Ethereum ETFs do not allow investors to benefit from these passive incomes, which could hinder their competitiveness against available alternatives in the market.
Institutional investors see several limitations in the current structure of Ethereum ETFs:
Thus, the future of Ethereum ETFs will depend on their ability to evolve towards a more competitive structure and remain compliant with current regulations.
Integrating staking into an Ethereum ETF is not just a simple administrative decision. As Mitchnick pointed out, several regulatory and technical obstacles make this option complex to implement.
“It’s not as simple as a green light from regulation,” he explained. He emphasized that the issue involved “structural and compliance challenges” to resolve before being able to integrate this functionality.
Staking, introduced in December 2020 with Ethereum’s transition to Proof-of-Stake, represents a colossal market, with 85 billion dollars in deposits, or 25% of the circulating supply. The yield generated by this activity ranges from 2% to 7% per year, a major financial asset for crypto investors.
However, this strategy also carries specific risks, notably slashing, a penalty applied to validators who do not comply with network rules. This uncertainty could deter some institutional investors, who are reluctant to expose themselves to a model where their funds could be penalized in case of mismanagement of validator nodes.
Joseph Lubin, co-founder of Ethereum, highlights that:
The answer could lie in a narrative tailored to institutional investors. Rather than focusing discussions on technology and the complexity of the network, he advocates for an approach centered on concrete use cases, such as asset tokenization, decentralized identities, and decentralized finance.
While waiting for advancements on staking, Ethereum ETFs will thus have to rely on these narratives to attract investors and justify their relevance compared to other more profitable financial vehicles.
If BlackRock and other market players wish to enhance the attractiveness of Ethereum ETFs , they will have to find a way to integrate staking without compromising the security and compliance of the product. The question is even more strategic as institutional investors seek yield placements, and the lack of staking could limit the long-term interest in crypto ETFs.
Bitcoin Pulls Back Despite Trump’s Pro-Crypto Remarks
After climbing above $86,000 yesterday, bitcoin ( BTC) experienced a slight downturn over the past 24 hours, retreating to below $84,000 even after President Donald Trump’s bullish remarks at the Blockworks Digital Asset Summit on Thursday. Bitcoin is priced at $83,849.61 at the time of reporting, reflecting a 2.27% decrease over 24 hours and a 1.02% decline over the past week.
( BTC Price / Trading View)
Bitcoin’s 24-hour trading range fluctuated between $83,171.07 and $86,159.39. Despite a period of relative stability, the cryptocurrency saw a pullback as overall market sentiment cooled. The total market capitalization now stands at $1.67 trillion, down 2.21% from yesterday.
BTC’s dominance over the broader cryptocurrency market edged slightly higher to 61.65%, marking a 0.36% increase over the past 24 hours. However, futures market activity reflected a more cautious approach from traders. Total BTC futures open interest decreased by 3.52%, standing at $53.28 billion, according to Coinglass.
( BTC dominance / Trading View)
Liquidation data from Coinglass highlights that bullish traders suffered the most in the past 24 hours, with total liquidations amounting to $62.14 million. Long liquidations accounted for $50.42 million, while shorts saw relatively minor losses of $11.72 million. This suggests that many traders had placed optimistic bets on further price appreciation but were caught off guard by the pullback.
A major headline shaping market sentiment was former U.S. President Donald Trump’s speech at the Blockworks Digital Asset Summit in New York City on Thursday. Addressing the audience via satellite, Trump made history as the first sitting or former U.S. president to directly address a crypto conference.
During his remarks, Trump expressed a bullish stance on the digital asset sector, vowing that the U.S. would “dominate crypto and the next generation of financial technologies.” His statements were seen as a significant endorsement of the industry, particularly given the regulatory uncertainty surrounding digital assets in the U.S.
Despite the positive rhetoric, Bitcoin’s price failed to sustain upward momentum, continuing its recent trend of sideways trading. This suggests that broader macroeconomic concerns and profit-taking may be overshadowing potential optimism stemming from Trump’s remarks.
Bitcoin’s recent price action indicates that market participants remain cautious. The decline in trading volume by 32.30% over the past 24 hours suggests reduced participation and potential hesitation among investors.
Looking ahead, BTC will likely continue responding to broader macroeconomic factors, regulatory developments, and institutional investor activity. If trading volume rebounds and BTC can reclaim key resistance levels, renewed bullish momentum may emerge. Conversely, further downside pressure could lead to additional corrections in the near term.
With Trump’s pro-crypto stance now on record, the long-term implications for bitcoin and the broader digital asset market remain to be seen. However, in the short term, bitcoin appears to be grappling with market indecision as traders await further catalysts for price movement.
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XRP Price Watch: Market Slides 5% as Bulls Fight to Hold $2.35
On the one-hour chart, XRP is experiencing bearish pressure, trading near its immediate support level at $2.356. A pullback entry is noted between $2.35 and $2.40, indicating potential buy opportunities if a reversal forms. However, the failure to break through $2.519, the recent one-hour resistance, signals persistent selling pressure. A breakdown below $2.35 with increased volume could pave the way toward the next key support at $2.22. Volume patterns suggest strong trader engagement around pivotal zones, which could determine the next short-term directional move.
XRP/ USDT via Binance 1H chart on March 21, 2025.
Zooming out to the four-hour chart, XRP’s price structure maintains a cautious stance with support observed at $2.22 and resistance at $2.59. Rejection at $2.50 or $2.60 may provide a basis for bearish entries targeting a pullback to $2.22 or lower at $1.90. The range between $2.35 and $2.40 serves as a battleground for buyers aiming to regain control. For bullish momentum to resume, a breakout above $2.50 with accompanying volume would be essential. Until then, the setup leans toward downside risk amid consolidation.
XRP/ USDT via Binance 4H chart on March 21, 2025.
The daily chart shows XRP in a broader bullish phase that is currently retracing. Key resistance is set at $2.99, while strong support lies at $1.90. Price rejection from lower highs signals weakening momentum, although higher timeframe support levels continue to hold. A return to bullish structure would require the price to reclaim $2.60 and sustain it. Traders are advised to observe whether $2.35–$2.40 can stabilize price action, serving as a launchpad for renewed upside movement.
XRP/ USDT via Binance 1D chart on March 21, 2025.
Oscillators provide mixed signals. The relative strength index (RSI) at 49.11696 indicates a neutral stance, showing no immediate overbought or oversold conditions. The Stochastic oscillator at 75.71625 and the commodity channel index (CCI) at 13.55684 both confirm neutrality. Similarly, the average directional index (ADX) at 15.80769 suggests a lack of strong trend momentum. The awesome oscillator reflects a mildly bearish sentiment at −0.01891, while the momentum indicator at 0.19053 signals negativity. The moving average convergence divergence (MACD) level at −0.02318 offers a slight bullish cue.
Moving averages tilt predominantly bearish across multiple timeframes. The exponential moving averages (EMA) for the 10, 20, 30, and 50 periods all register bearish signals, with values at $2.36365, $2.36702, $2.39475, and $2.42860 respectively. The simple moving averages (SMA) for the same periods echo the sentiment, except for the 10-period SMA at $2.34908, which signals positivity. On a longer horizon, the 100-period EMA and the 200-period EMAs at $2.30766 and $1.90464 respectively suggest bullish undercurrents, supported by the 200-period SMA at $1.70705. However, shorter-term trend indicators show more weakness, signaling caution for near-term positions.
If XRP sustains support above $2.35 and volume confirms accumulation, a bullish reversal could emerge with targets at $2.60 and potentially $2.99. Long-term moving averages remain supportive of an upward trend, indicating that the current pullback may be a healthy consolidation within a broader bullish market structure.
Failure to hold the $2.35 support, combined with rejection at the $2.50–$2.60 resistance range, may trigger further downside toward $2.22 and $1.90. Most short-term and mid-range moving averages flash sell signals, and neutral oscillator readings offer little immediate bullish confirmation, reinforcing a cautious stance.
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