CoinDesk Podcast Network What's Driving the Bitcoin and Ether Rally? | COINDESK DAILY
Jun 10, 2025
Bitcoin and Ether are on the rise, fueled by significant treasury holdings from publicly listed companies and BlackRock's massive investment milestone. The discussion dives into how these developments are impacting the market dynamics. Traders are also lining up for critical inflation data as U.S.-China trade talks evolve. Innovative lending services like Bitcoin-backed loans are gaining traction, offering new ways to access liquidity without selling assets. It’s an exciting time in the crypto industry!
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Corporate Bitcoin Holdings Surge
- Bitcoin's rise is significantly driven by publicly listed companies increasing their treasury Bitcoin holdings.
- The number of companies holding Bitcoin grew to 126, with over 800,000 Bitcoin owned, up 3.25% in 30 days.
BlackRock's iShares Bitcoin ETF Milestone
- BlackRock's iShares Bitcoin Trust became the fastest fund to surpass $70 billion in assets under management.
- It achieved this milestone in just 341 days, illustrating Bitcoin's ETF market momentum.
Ether Gains; Complex Crypto Cycle
- Ether prices rose 7% as traders responded to US-China trade updates and anticipated key inflation data.
- The crypto cycle is expected to be nuanced as investors access crypto via ETFs, treasuries, and stablecoin issuers.