The comments followed S&amp;P&#8217;s downgrade of USDt&#8217;s ability to maintain its peg, 
which cited Tether&#8217;s Bitcoin and gold reserves as a concern.

Tether CEO slams S&P ratings agency and Influencers spreading USDt FUD

Ether is trading at $3,034 on Nov. 30 as futures and options markets show 
concentrated activity across CME, Binance, and Deribit, signaling a tightly 
balanced derivatives environment heading into December. Ether Derivatives 
Activity Builds With Strong Participation Across CME and Deribit Ether’s 
derivatives markets are posting steady engagement this week, with total 
ethereum futures open […]

Ether Options Action Thickens With Notable Volume at $6,000-Strike Calls

Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives 
and have been a game-changer in the cryptocurrency space in the past two 
years. With these investment products, people get to participate in the 
cryptocurrency market without having to directly own the digital assets. 
Interestingly, one of the biggest winners—that often gets overlooked—has been 
the issuers, especially as the crypto industry has seen increased 
institutional adoption since the Bitcoin ETFs launched. According to the 
firm’s executive, the BTC exchange-traded funds becoming the major source of 
revenue for BlackRock, the world’s largest asset manager, was not envisioned. 
BlackRock’s Bitcoin Funds Outweighing Expectations At the Blockchain 
Conference 2025 in São Paulo on Friday, November 28, BlackRock’s business 
development director in Brazil, Cristiano Castro, told reporters that the 
Bitcoin ETFs are the largest revenue source for their company. According to 
the executive, this development came as a “big surprise” to the asset 
management firm. Related Reading: Fed To End QT In December: Will Bitcoin 
Mirror The Massive Price Crash From Last Time? Castro said in a statement: We 
were very optimistic when we launched, but we didn’t believe it would reach 
such proportions. Just to give you an idea, it [IBIT in the US and IBIT39 in 
Brazil – the asset&#8217;s reference names] came very close to US$100 billion [in 
allocation]. This feat is notable for the Bitcoin ETFs, especially considering 
that BlackRock offers more than 1,400 exchange-traded products globally and 
has a whopping $13.4 trillion in assets under management. The US-based Bitcoin 
fund (with the IBIT ticker) has over $70.7 billion in net assets, becoming the 
first ETF to reach the $70-billion mark (doing so in June 2025). While the US 
Bitcoin ETF market has somewhat slowed down, BlackRock’s IBIT still continues 
to outpace other ETFs launched in recent years. As earlier reports suggested, 
IBIT had managed to generate roughly $245 million in annual fees as of October 
2025. Bitcoin ETF Outflows &#8216;Perfectly Normal&#8217; &#8211; Castro When asked about the 
recent outflows from BlackRock’s Bitcoin ETF as the market leader’s value 
fell, the director stated that there are zero surprises in that trend. “ETFs 
are very liquid and powerful instruments, and they serve precisely to allow 
people to allocate their capital and manage their cash flow,” Castro noted. 
The BlackRock director said that the withdrawals are expected, considering 
that the product is heavily owned by retail investors, who are reactionary in 
nature to price corrections. On Friday, the iShares Bitcoin Trust saw a net 
outflow of $113.72 million, bringing the weekly record to a negative $137.01 
million and the fund to its fifth-consecutive week of withdrawals. Related 
Reading: The Bitcoin Price Crash To $41,000: There’s A Shark In The Water 
Featured image from Getty Images, chart from TradingView

BlackRock Exec Says Bitcoin ETFs Becoming A Major Revenue Source Was A ‘Big Surprise’

As of Sunday, Nov. 30, 2025, bitcoin is priced at $91,482, and odds from 
prediction platforms Polymarket and Kalshi show traders expecting potential 
gains but keeping their expectations firmly tethered to earth. As 2025 Nears 
the End, Prediction Market Odds Get Firmer Bitcoin is trading at $91,482 on 
Sunday, Nov. 30, 2025, and prediction markets […]

Prediction Markets Polymarket and Kalshi Assign Mixed Odds for Bitcoin’s Path Above $100K in 2025

Binance founder Changpeng Zhao’s blunt reminder about buying low and selling 
high landed at a tense time for crypto traders. His line — “Sell when there is 
maximum greed, and buy when there is maximum fear” — was posted as markets 
showed fresh signs of strain and debate over whether now is a buying moment or 
another stall. Related Reading: Bitcoin Miners Face A Harsh December: Rising 
BTC Difficulty, Falling Hashprice CZ’s Message Meets Extreme Fear According to 
the Crypto Fear &amp; Greed Index, sentiment recently climbed to 20, moving out of 
“Extreme Fear” after a streak of low readings. The index had hit a yearly low 
of 10 on Nov. 22 and the market had spent eighteen days stuck in extreme fear. 
Unpopular opinion, but it&#8217;s better to sell when there is maximum greed, and 
buy when there is maximum fear. 🤷‍♂️ — CZ 🔶 BNB (@cz_binance) November 29, 
2025 Analysts called that stretch unusually deep. Matthew Hyland described it 
as the “most extreme fear level” of the cycle, and other traders argued that 
calling it extreme was being generous. Bitcoin Holds But Mood Is Fragile Based 
on reports, Bitcoin was trading at $91,780, a far cry from the all-time high 
of $126,000 reached in October. Prices remain up from 2024 lows of just over 
$40,000, yet confidence is thin. Santiment tracked online chatter and found 
talks focused more on volatility and institutional moves than on excitement. 
The Altcoin Season Index sat at 22/100, a clear sign that traders are favoring 
safety. Market Psychology Overrules Charts Traders reacted fast to CZ’s post. 
One user said emotion often beats logic in real trading. Another noted that 
markets tend to move on psychology well before technical signals line up. That 
gap between what traders know and what they do was on full display: many agree 
with the rule, and few actually follow it when prices slip. History Offers A 
Hint, Not A Guarantee Reports have disclosed that some analysts see a pattern. 
Nicola Duke pointed out that in the last five years, every time the market 
reached extreme fear, Bitcoin found a local bottom within weeks. While past 
stretches can offer context, they do not promise the same result now. Bitwise 
researcher André Dragosch warned that current pricing reflects a recession- 
level global growth outlook — the most bearish setting since 2020 and 2022 — 
which raises real risk for buyers. Related Reading: Bitcoin’s November Slump 
Could Trigger A 2026 Revival, Analysts Say Bitcoin Coinbase Premium Turns 
Positive After 29 Days Meanwhile, the Bitcoin (BTC) Coinbase premium finally 
flipped back into positive after nearly a month of staying in the red. Data 
from Coinglass on the 30th showed the premium at 0.0255%, marking the first 
positive reading in 29 days. For almost a month, the negative premium had 
suggested that selling pressure dominated the US market, with traders and 
investors leaning toward caution. The Coinbase premium tracks how Bitcoin’s 
price on Coinbase, a major US exchange, compares to the global average. When 
it’s positive, it means the US price is above the worldwide average. This is 
often seen as a sign that buying is picking up in the US, more institutions 
are getting involved, dollar liquidity is recovering, and overall investor 
confidence is improving. Featured image from Gemini, chart from TradingView

Cryptocurrency price in GBP