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As Bitcoin ETFs face a series of capital outflows, BlackRock takes a counterintuitive approach by incorporating its BTC ETF, the iShares Bitcoin Trust (IBIT), into its model portfolios. A first for the asset management giant, which could indeed provoke a domino effect among its competitors. But what is this strategy really hiding? BlackRock, which manages over $10 trillion in assets, did not choose Bitcoin by chance . Its IBIT model, weighing in at $48 billion and holding nearly 576,046 BTC, is now entering its model portfolios, with an allocation of 1 to 2% . While this share may seem modest, it sends a strong signal to the market. According to James Seyffart, an ETF analyst at Bloomberg Intelligence, this decision could encourage other asset managers to follow suit. But the real question is: Will IBIT ever become part of BlackRock’s main models? Some see it as a revolution, others as a simple experiment. And you? BlackRock’s initiative does not solely rely on the speculative appeal of BTC. Michael Gates, head of allocation models at BlackRock, justifies this decision by presenting several arguments in favor of Bitcoin: its scarcity, its status as a store of value, and its role as a hedge against dollar hegemony. “Collectively, these characteristics can provide unique and additive sources of diversification “, he writes in a note . Moreover, the context favors the asset manager. Despite the recent drop in the BTC price to $79,000, regulations are easing and institutional interest in cryptos remains strong. Some analysts even believe that this decision could strengthen Bitcoin’s adoption within major investment funds. However, not everything is so simple. As Keegan, a decentralized finance specialist, points out: “If realized, the flows may not shift the needle immediately, but the signal of risk reduction sent to other model managers, with over $5 trillion under management, is crucial.” Is BlackRock initiating a normalization of Bitcoin in institutional allocations? In short, it is not surprising that Michael Saylor is concerned about BlackRock’s rise in the crypto sphere. The CEO of MicroStrategy does not hide his apprehension about the giant’s appetite and encourages investors not to yield their BTC to this financial behemoth. But it must be kept in mind that BlackRock is not limited to BTC and ETH ETFs: it also offers a Bitcoin ETP in Europe , thus expanding its influence on the global crypto market. Is a revolution underway?

TL;DR Cardano’s ADA dropped by double digits in a week, with whales offloading over 170 million tokens, potentially signaling more downward pressure. Hopes for a rebound rest on the potential approval of a spot ADA ETF filed by Grayscale, which could attract traditional investors and boost demand. More Pain Ahead? Cardano’s ADA was trading well above $0.80 towards the end of last week. However, the start of the new business week offered a lot of pain for the bulls, with the asset plunging to as low as $0.63 (per CoinGecko’s data). ADA slightly rebounded over the past several hours to the current $0.67. Still, this represents a 15% decline on a seven-day scale. ADA Price, Source: CoinGecko According to some factors, the negative trend could be far from over. The popular analyst, going on X as Ali Martinez, estimated that whales dumped more than 170 million ADA in the span of 96 hours. The stash equals almost $115 million (going at current rates). Continued efforts of that type would create an influx of tokens on the open market, potentially overwhelming demand and having a negative effect on the price. Additionally, the whales’ actions are closely monitored by some smaller players who could follow suit and intensify the selling spree. Earlier this month, Martinez maintained that ADA’s most critical support stands between $0.67 and $0.70. “As long as this level holds, the bull run remains intact,” he claimed at the time. As mentioned above, though, the valuation briefly tanked below the depicted level. The Potential Price Catalyst While the overall environment looks quite grim, one important factor might bring back the green candles. This is the possible launch of a spot ADA exchange-traded fund (ETF) in the United States, whose chances of approval before the end of 2025 have risen to 67% lately. The improved odds result from the SEC’s acknowledgment of Grayscale’s application to introduce such an investment vehicle. The product will allow investors to gain exposure to ADA without needing to directly purchase, store, or manage the cryptocurrency. This simplifies the process, especially for traditional investors unfamiliar with crypto wallets and exchanges. Additionally, the world’s largest digital asset manager – Grayscale – operates under regulatory frameworks, providing a layer of security and transparency. That might be particularly attractive to risk-averse investors who might be hesitant to enter the volatile crypto market. The post Millions of ADA Sold by Cardano Whales During Market Crash – Will the Decline Continue? appeared first on CryptoPotato.

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Singaporean department store chain Metro will allow its customers to make stablecoin payments both in physical stores and online at Metro Mall. According to a local publication, the Metro department store in Singapore has teamed up with Singaporean crypto payments firm DTCPAY to enable stablecoin payments using assets like Tether’s USDT, Circle’s USDC, and Worldwide Stablecoin Payment Network’s WUSD. Soon, they’ll also support payments using the First Digital Dollar Stablecoin (FDUSD). Metro’s COO, Erwin Wuysang-Oei, described the partnership as a step toward keeping up with the evolving retail landscape. He emphasized that by accepting stablecoin payments, Metro is “not only embracing the future but shaping it.” “This is a transformative moment for Metro, and we are excited to lead the industry in making digital assets a viable everyday reality for our customers,” Wuysang-Oei added. The latest partnership follows DTCPAY’s decision to switch exclusively to stablecoins for payments in 2025 after it decided to drop Bitcoin (BTC) and Ethereum (ETH) back in January. At the time, the company said the decision would allow it to offer a “more reliable, scalable, and secure payment experience.” You might also like: Robinhood aims to launch crypto offerings in Singapore by late 2025 Meanwhile, Singaporeans have increasingly warmed up to crypto, making digital assets a bigger part of daily life and investments. As previously covered by crypto.news, Singaporean wealth managers have reported allocating larger portions of their portfolios to digital assets, especially since President Donald Trump’s victory in the 2024 U.S. elections. At the time, Sygnum Bank CEO Gerald Goh said locals were “more positive about incorporating crypto investments as part of their investment portfolios.” Singapore has also pulled ahead of other jurisdictions, like Hong Kong, when it comes to crypto adoption. Throughout 2024, the Monetary Authority of Singapore granted 13 new crypto licenses, doubling numbers recorded the previous year. In comparison, Hong Kong lagged behind due to an overly restrictive regulatory framework. Read more: Rich Asian investors drive fresh Trump-fuelled crypto boom in Singapore

Metro becomes Singapore’s first department store to accept stablecoin payments. Stablecoin transactions in Singapore hit nearly $1 billion in Q2 2024, signaling growing demand. Experts discuss stablecoins as a faster, cost-effective alternative to traditional payment systems. Metro Departmental Store in Singapore has announced it will be the first store in the nation-state to start accepting payments in stablecoins. Starting now, customers can pay with Tether (USDT), USDC, and WUSD in stores and online. According to a report noted by media outlet Lianhe Zaobao, Metro will also soon support payments in First Digital USD (FDUSD). Metro Embraces Crypto Payments for Retail Innovation Metro’s decision to accept stablecoins comes after a partnership with crypto payment company dtcpay. According to Erwin Wuysang-Oei, the COO of Metro Department Store, this collaboration aims to position Metro at the forefront of retail innovation. Additionally, he noted that by adopting stablecoin payments, Metro is not just preparing for the future but actively shaping it. Moreover, Metro’s partnership with dtcpay will enable it to meet the needs of tech-savvy consu… The post Metro Departmenetal Store Chain Goes Crypto: Stablecoin Payments in Singapore Debuts appeared first on Coin Edition.