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BlackRock’s Bitcoin ETF IBIT is facing record outflows for the past five weeks and has shedded $2.7 billion — what’s going on?

Tom Lee just won’t back down: he is back with another ultra-bullish price prediction for Ethereum.

Plus, Cyber Week pricing disappears soon, and once it’s gone, so is the 60% savings.

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TOP STORY

BlackRock's IBIT Bitcoin ETF Sees Record $2.7 Billion Exodus

BlackRock Inc. is seeing persistent withdrawals from its iShares Bitcoin Trust as investors pulled more than $2.7 billion over five consecutive weeks.

IBIT is facing its longest run of withdrawals since it began trading in January 2024, Bloomberg reported on Friday.

Bloomberg data shows more than $2.7 billion left the fund over the five weeks through Nov. 28, with another $113 million exiting on Thursday.

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Bitcoin, Ethereum, Dogecoin, XRP are losing some steam and can’t seem to sustain their relief rally: here’s what’s driving markets today.

XRP is back down to just around $2 — and there’s reason to worry for XRP bulls.

Peter Schiff is famously critical of Bitcoin, yet he is ‘so close’ to getting it, says Binance’s Changpeng Zhao. But why is he so stubborn?

FINTECH FOCUS

Tom Lee Says ETH Is 'Grossly Undervalued' And Targets (At Least) $12,000

Fundstrat’s Tom Lee on Thursday said Ethereum is “grossly undervalued” relative to Bitcoin, arguing that current valuations ignore long-term adoption trends and structural tailwinds in digital finance.

Speaking at Binance Blockchain Week, Lee said Bitcoin could hit $250,000 within a few months.

He added that if Ethereum’s ETH/BTC ratio goes back to its long-term average of 0.0479, ETH would be valued near $12,000.

Lee called this a “huge move,” noting that the ratio has held over an extended period.

He added that if Bitcoin reached $250,000 and Ethereum matched its 2021 cycle high ratio of 0.0873, the implied ETH price would be $22,000

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