XRP 30-day exchange inflows pass 6B tokens as whales move to the sidelines

BlackRock, the world’s largest asset manager, is looking to expand its crypto fund lineup with a Bitcoin exchange-traded fund (ETF) that offers limited downside protection in exchange for capped gains. The world’s largest asset manager on Monday filed a preliminary prospectus with the US Securities and Exchange Commission for the iShares Bitcoin Managed Protection ETF (PBIT). The proposed ETF would use options linked to BlackRock’s iShares Bitcoin Trust ETF (IBIT) rather than holding Bitcoin (BTC) directly, according to the preliminary prospectus filed with the US Securities and Exchange Commission (SEC). IBIT is the world’s largest spot Bitcoin ETF by assets. It holds Bitcoin directly and gives investors exposure through brokerage accounts. The fund had $65.7 billion in net assets as of Monday, according to BlackRock. BlackRock also runs the iShares Ethereum Trust ETF (ETHA), a spot Ether fund with $8 billion in net assets. The asset manager has yet to launch US spot ETFs tracking other cryptocurrencies such as Solana or XRP. ETF Store president Nate Geraci questioned BlackRock’s continued absence from the market for spot ETFs tracking other cryptocurrencies.

General Motors Co.’s GM-N third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs. The company on Tuesday said quarterly earnings before interest and tax, not including one-time items (adjusted EBIT) rose 22 per cent from a year earlier, to US$4.1-billion. That amounted to US$3.70 per share, topping analyst expectations of US$3.63, according to LSEG data. The automaker said it expected to end 2026 with adjusted EBIT in the range of US$14.5-billion to US$15.5-billion, narrowed from previous guidance of US$14-billion to US$16-billion. The company said it remained confident despite inflationary pressures from higher logistics and energy costs, tariffs and other expenses. GM shares fell about 6 per cent in premarket ⁠trading. The company said its board approved a multiyear, US$20-billion stock ​buyback program. GM has bought back about US$29.5-billion of its own shares since 2023, driving down its overall share count to help its per-share profit results. GM in the third quarter sold ⁠a higher mix of large pickup trucks and fewer electric vehicles, which helped the bottom line.

Gas prices aren't the only thing that's been impacted by the conflict with Iran.

The Value Line Median Appreciation Potential has a good record forecasting smaller stocks’ returns. And the next four years look bearish.