Join Our Telegram channel to stay up to date on breaking news coverage
The crypto market edged higher as Nvidia’s third-quarter earnings surpassed Wall Street forecasts and BlackRock filed for a staked Ethereum ETF.
In its latest quarterly release, Nvidia said it generated $57.01 billion in revenue in Q3, well above the $55.2 billion that Wall Street analysts had forecast. Earnings per share came in at $1.30, topping the $1.26 analysts expected as the company forecast fourth-quarter revenue of around $65 billion.
Nvidia’s shares pumped over 5% in after-hours trading on the news after rising more than 2% yesterday, data from Google Finance shows.
Nvidia share price (Source: Google Finance)
Crypto Market Gains As Bitcoin Recovers From 7-Month Low
The results gave markets across the board some respite after the recent rout.
Crypto market leader Bitcoin (BTC) gained a fraction of a percent after hitting a low of $88,526.83 in the last 24 hours. BTC is trading at $91,813.30 as of 3:27 a.m. EST.
Solana (SOL) rose 2% while Cardano (ADA) edged up a tad. Altcoin leader Ethereum (ETH) is down a fraction of a percent, but is back above the psychologically important $3K mark. XRP and Binance’s BNB dropped 1% and 2%, respectively, while TRON (TRX) and Dogecoin (DOGE) also edged down.
Despite Nvidia’s stellar results, the Crypto Fear & Greed Index dropped four point to 11, signaling “Extreme Fear” in the market.
There were also $612 million in crypto liquidations, with $425.49 million wiped out from long positions in the last trading day.
BlackRock Eyes Staked Ethereum ETF
Fund management titan BlackRock, with $13.5 trillion in assets under management, brought better news as it registered for a new staked Ethereum ETF in Delaware.
A Delaware name registration is one of the first steps that a fund issuer needs to take to file for a new ETF.
BlackRock is planning to file for a Staked Ethereum ETF, as per the Delaware name registration. ’33 Act. Filing coming soon. pic.twitter.com/NmAsQhcq5D
— Eric Balchunas (@EricBalchunas) November 19, 2025
The proposed staking ETH ETF will complement BlackRock’s US spot Ethereum ETF, the iShares Ethereum Trust (ETHA), which has attracted $13.066 billion in cumulative inflows since its July 2024 debut.
Data from Farside Investors shows that ETHA extended its outflows streak to seven days after investors pulled $24.6 million from the fund yesterday. The latest outflows were, however, lower than the more than $100 million that left the fund daily in the four days prior.
The biggest outflows during that period were on Nov. 17, with $193 million leaving the ETF’s reserves then.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage