Top Crypto News: XRP Transfer, BlackRock's $60B Bitcoin Milestone, Solana ETFs
Massive XRP Transfer Sparks Speculation
A significant XRP transfer of 29,532,534 coins, valued at approximately $92.7 million, was reported over the weekend. The funds moved from an unidentified wallet to Coinbase, raising speculation about potential sales, liquidity additions, or strategic portfolio adjustments. XRP's price has dropped 7.49% in the past 24 hours, trading at $2.88.
BlackRock Reaches Historic $60 Billion Bitcoin Milestone
BlackRock's Bitcoin holdings have surged to $60 billion through its iShares Bitcoin Trust (IBIT), holding 574,118.84380 BTC. The firm accounted for $154.6 million of the $188.7 million in Bitcoin ETF inflows, solidifying its position as a leading institutional Bitcoin holder. CEO Larry Fink has discussed Bitcoin's potential, suggesting a $700,000 price target with increased institutional adoption.
Solana ETFs Move Closer to Reality
Grayscale has filed with the SEC to launch Solana and Litecoin ETFs, joined by firms like VanEck and Bitwise. A decision is expected by late January 2025, with a 77% chance of approval, according to Polymarket. Industry experts believe regulatory shifts could favor crypto ETFs, potentially driving Solana's price growth.
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