BlackRock earns roughly $260 million each year from its Bitcoin but also Ethereum ETFs, income that shows traditional asset managers can earn substantial profits and gives both institutions and individuals a regulated way to gain exposure to crypto. About $218 million of the total to the Bitcoin trust IBIT plus the remaining $42 million to the Ethereum trust ETHA.
Author: Liam Hunter
Liam Hunter
Liam Hunter focuses on the on-chain systems where liquidity, risk and protocol mechanics become visible. He writes about DeFi, DEXes, perpetuals, Smart Money flows, hacks and Ethereum-linked infrastructure, with an emphasis on what the data shows, what remains uncertain and where market interpretation can go too far.Market developments and regulatory context are part of his reporting when they intersect with Web3 or DeFi activity.
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A recent analysis of the crypto landscape suggests the market’s center of gravity is in the midst of a shift. As Western investors digest a complex regulatory environment, data indicates that traders in Asia are positioning themselves as the primary driving force that could catapult the next phase of the Bitcoin bull run.
Bitcoin (BTC) is facing significant downward pressure as it enters Week 38 of 2025. This current stumble is not an anomaly; rather, it reinforces a negative historical pattern that analysts have observed for years. According to consolidated market data, this specific week is, on average, the third-worst for the leading cryptocurrency’s performance.
Spot exchange-traded funds (ETFs) for the main cryptocurrencies are experiencing a capital exodus. During the week ending September 20, Bitcoin and Ethereum ETFs recorded combined net outflows of $439 million. This movement coincides with a growing wave of pessimism in the options market, where traders are actively preparing for further price drops. A Week of Massive Leaks for Crypto Funds The CoinShares report, led by analyst James Butterfill, details the magnitude of the withdrawal. Bitcoin investment products were the hardest hit, with net outflows of $313 million. High-profile funds felt the blow: Grayscale’s GBTC lost $166 million, while BlackRock’s IBIT…
Ethena Labs reported a partnership with Flowdesk as its synthetic dollar USDe climbed to $14 billion, a move that aligns with a broader boom in synthetic dollars. The arrangement aims to simplify access for users and traders, affecting both DeFi participants and market makers, according to the note.
World Liberty Financial (WLFI) recorded an uptick after holders approved using 100% of treasury fees to buy WLFI and send them to a burn address. The vote on September 19, 2025 received 99.8% support, signaling broad backing for a supply-reduction approach. According to on-chain data, the move could affect holders, traders, and the liquidity of markets where the token trades.
Solana approved Alpenglow, a consensus overhaul that could move faster than Google by cutting finality to about 100–150 milliseconds. This reduction from the current ~12.8 seconds would reshape on-chain DeFi, payments, and gaming, also affecting traders, developers, and institutional investors, as Jina reports. Finality is the moment a transaction cannot change.
Hedera Hashgraph (HBAR) gained 7% intraday on rising trading volume, pushing the token toward a critical resistance band at $0.28–$0.30. The move is drawing short-term traders and fund managers aiming to capture rotation and potential continuation. A sustained break could unlock further upside, while failure would likely keep price contained within recent ranges.
Grayscale got approval to list its Digital Large Cap Fund (GDLC) on the New York Stock Exchange after a regulatory pause by the SEC. The indexed fund combines Bitcoin, Ethereum, XRP, Solana and Cardano, opening a regulated channel for assets beyond BTC and ETH. The move could shift flows and rotations among cryptoassets, affecting investors and managers seeking varied exposure to major altcoins.
Strategy (MSTR) climbed 7% and now trades near its 200‑day simple moving average, a move closely tied to Bitcoin’s latest upswing. The stock’s valuation remains directly linked to the digital asset’s price, a dynamic that matters for managers active in both markets.
