ETF

Blackrock’s spot bitcoin ETF faces its worst month amid Bitcoin’s sharpest monthly drop in over three years. The iShares Bitcoin Trust ETF saw $2.2 billion in outflows. Bitcoin’s price has fallen over 20% this month, driven by speculative capital exiting the market. Investors are shifting to safer assets like gold due to economic uncertainty. Experts suggest this pullback is focused on the “gambling” aspect of the market, affecting newer entrants particularly. However, institutional investors may dampen volatility as the asset class matures.

Despite recent volatility in tech stocks, State Street remains bullish on AI, citing strong investor appetite. Anna Paglia anticipates a potential shift towards diversification in early 2025, but believes AI’s growth potential remains significant. While the SPDR NYSE Technology ETF (XNTK) has seen robust gains, profit-taking caused a pullback. VettaFi’s Todd Rosenbluth suggests a sector rotation may be underway, with healthcare stocks gaining traction, reflecting a more defensive investment strategy amidst economic uncertainties.

BlackRock will terminate the iShares iBonds Oct 2025 Term TIPS ETF (IBIB) with a last trading day of October 15, 2025, and a liquidation date around October 20, 2025. iBonds ETFs wind down as they approach their target date, shifting to short-term instruments and cash. BlackRock will continue to offer a range of iBonds ETFs across various asset classes. Investors should review fund objectives and risks in the prospectus before investing, remembering all investing involves risk.

Justin Sun, founder of Tron, confirmed attendance at a dinner with Donald Trump as the largest holder of MAGA-themed Trump Tokens. His $19.67 million stake aligns with the token’s exclusive perks, including White House access for top holders. Sun’s prior $75 million investment in a Trump-linked asset project could channel up to $56 million to Trump affiliates. Meanwhile, U.S. regulators halted crypto enforcement actions since Trump’s 2024 campaign surge, including an SEC lawsuit against Sun over Tron, now paused. Valued at $8.5 billion, Sun continues blending crypto ventures with political ties amid regulatory scrutiny.