Cardano (ADA) Price Prediction: Q1 Portfolio Rebalancing Flows Hit Digital Assets Before March Close openPR.com
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Charles Hoskinson Calls for Rebalancing Cardano Ecosystem Funding: Boost for ADA Price? The Coin Republic
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Following the recent market crash due to Donald Trump’s tariff order, the price of Bitcoin and Ethereum experienced a sharp decline below key support levels. While both coins fell strongly, ETH has emerged as the leading choice among major corporations, as these institutions swap their BTC for the altcoin leader.
Institutional Pivot From Bitcoin To Ethereum
Major crypto assets such as Ethereum and Bitcoin are beginning to recover lost ground once again. Meanwhile, Ethereum appears to be leading the charge in terms of institutional adoption, reflecting the long-term potential of the leading altcoin.
In a move that has triggered a frenzy across the crypto and traditional finance sectors, BlackRock, the world’s largest asset manager, is reportedly shifting a portion of its Bitcoin holdings into ETH. Coin Bureau shared this institutional pivot on the social media platform X, which has captured the attention of the crypto community.
This daring rotation indicates a significant shift in institutional opinion and a rising belief in Ethereum’s sustained price growth. BlackRock‘s shift to ETH highlights the asset’s developing importance as the cornerstone of decentralized finance and next-generation financial infrastructure, even though Bitcoin keeps dominating as a store of value.
Data shared by Coin Bureau reveals that the leading asset manager firm transferred about 272.4 BTC, valued at approximately $28.3 million, to Coinbase Prime. A few hours later, BlackRock was observed pulling out over 12,098 ETH worth $45.4 million.
Bitmine Immersion Technologies Inc. has also been accumulating ETH at a significant and rapid rate. A recent report from BMNR Bullz shows that the leading treasury company purchased thousands of ETH within the past week to strengthen its digital asset treasury.
Despite the recent market crash, the firm continues to double down on the altcoin, scooping up a total of 379,271 ETH, valued at $1.5 billion. With the massive purchase of Ethereum, Bitmine is demonstrating its conviction in the network’s expanding role in blockchain innovation.
During the dip on Friday, Bitmine bought over 72,898 ETH worth $281 million. Three days prior to this acquisition, the firm purchased more than 104,336 ETH, valued at $417 million. Finally, a +202,037 ETH was made after the weekend crash, bringing the total to 379,271 ETH within a week.
Bitmine’s persistent acquisition of the altcoin reflects the firm’s Co-CEO Tom Lee’s bold declaration that Ethereum will be the backbone of the digital economy. According to BMNR Bullz, this is not a buy signal, but a seismic shift.
ETH Among Inflation Hedgers
Prominent figures in the financial landscape are currently endorsing Ethereum. Robert Kiyosaki, a billionaire and author of the “Rich Dad Poor Dad” book, has included ETH as one of the key assets to hedge against the rising inflation across the world.
While inflation keeps increasing and making it difficult for the poor and middle class, the billionaire has urged this set of people not to rely on government fake money or fiat currency. Instead, they should invest in Gold, Silver, Bitcoin, and Ethereum, which he labels the real money.
Featured image from Pxfuel, chart from Tradingview.com
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Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing CryptoSlate
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ADA and ATOM thrown out of Grayscale’s large cap holdings after portfolio rebalancing FXStreet
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Prominent crypto asset management firm Grayscale has removed two high-profile digital assets, Cardano and Cosmos, from its multi-asset funds as part of its quarterly fund rebalancing.
In an April 4 press statement, the firm revealed that it removed Cardano from its Grayscale Digital Large Cap Fund (GDLC) and Cosmos’s ATOM token from the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE).
Why Grayscale removed Cardano and Cosmos
According to the firm, the changes were prompted by CoinDesk’s recent rebalancing of its industry sector indices. Grayscale further explained that the components and weightings of each asset are determined according to each index’s methodology and are subject to change without notice.
Consequently, the Cardano held in GDLC was sold off, with the proceeds reinvested in other fund components based on their weightings. The fund’s current weightings include over 70% Bitcoin, 21.84% Ethereum, 4.52% Solana, and less than 3% in XRP and Avalanche.
Similarly, Cosmos was divested from GSCPxE, and the proceeds were utilized to acquire other fund components in proportion. As such, the fund has shifted in its weightings, now encompassing 58.4% of Solana, 14.56% Cardano, 12.25% Avalanche, 8.53% Polkadot, and 6.25% Polygon.
Meanwhile, no new tokens were added or removed from the DeFi Fund, which consists of 48% of Uniswap, 20.41% of MakerDAO, and 13.17% of liquid staking protocol Lido. The lending platform Aave holds 9.99% of the funds, and Synthetix holds 7.69%.
ADA, ATOM declines
ADA and ATOM have faced notable declines during the past day, corresponding with the broader crypto market struggles during the reporting period.
According to CryptoSlate’s data, the top two digital assets, Bitcoin and Ethereum, recorded losses of 0.61% and 3.66%, respectively.
Similarly, Cardano’s ADA and Cosmos’s ATOM fell by approximately 4% to $0.56 and $10.7, respectively, continuing a downward trend that has seen them shed double-digits during the past month.
Meanwhile, other large-cap assets like Solana and Avalanche’s AVAX saw bigger losses, plunging by more than 5% during the reporting period.
The post Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing appeared first on CryptoSlate.
]]>Institutional crypto research firm 10x Research, founded by Matrixport’s former head of research Markus Thielen, revealed its month-end consideration for Bitcoin (BTC) and crypto as investors await cues from the U.S. FOMC meeting and Federal Reserve Chair Jerome Powell’s speech at FOMC press conference.
Markus Thielen’s Recommendation on Crypto & Bitcoin Holdings
Markus Thielen, the analyst who predicted Bitcoin fall to $38,000, recommends portfolio rebalancing targeted to RIA, wealth managers, and other medium to long-term crypto investors for next month.
He capped each token at 20% for an ideal balanced portfolio and recommends Bitcoin 20%, Ethereum 20%, BNB 9.3%, Solana 9.2%, XRP 7.9%, Cardano 7.2%, Avalanche 6.8%, Tron 6.6%, Chainlink 6.5%, and Polkadot 6.5%. This diversified strategy has performed similar to Bitcoin’s return in the last 12 months. Bitcoin has rallied over 150% in the last 12 months.
In the last 24 hours, Bitcoin accounts for 41% of trading volumes and Ethereum 18%. Overall, Bitcoin dominance has remained above 51%. Thus, it is too early to call a sustainable shift to altcoin rally. Bitcoin and Ethereum are only up +1% and +2%. TIA +58%, BLUR +35%, ASTR +31%, and SEI +24% are leading this year, while APT -36%, LUNC -30%, ALGO -27%, and BSV -27% are declining.
As per the report, BlackRock and Fidelity ETFs witnessed the most inflows, but both recorded only traded $651 million per day (combined volume) against Bitcoin’s overall volume of $23 billion. This has surprised market participants. Many even considered Grayscale’s GBTC outflows for Bitcoin’s correction from 44,000 to 38,500.
Bitcoin Price Prediction After FOMC
Markus Thielen predicted an upcoming Bitcoin (BTC) price rally as wave 5 begins. He forecasts BTC price reclaiming 50,000 level by the end of this quarter.
However, Thielen says BTC price will continue to consolidate for a few days before starting to rally towards $50,000. He suggested buying Bitcoin above $43,000, despite the minor resistance at $43,000-44,000 range.
Popular trader Michael van de Poppe expecting a range-bound trend between $38-48K. A slight pre-halving rally to $48K seems likely after a correction in the short-term.
BTC price fell over 2% in the past 24 hours, with the price currently trading at $42,576. The 24-hour low and high are $42,356 and $43,838, respectively.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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