Nvidia Boosts Crypto Market, BlackRock Seeks Staked ETH ETF: Market Wrap

The cryptocurrency market saw a slight uptick as Nvidia surpassed earnings expectations and BlackRock filed for a staked Ethereum ETF. The tech giant’s third-quarter revenue reached $57 billion, exceeding analysts’ forecasts of $55.2 billion. This robust performance sent Nvidia shares soaring by over 5% in after-hours trading following a rise of more than 2% during the regular session. Meanwhile, BlackRock’s application for a staked Ethereum ETF marks a significant development. This move follows their successful launch of the iShares Ethereum Trust (ETHA), which has garnered $13 billion in inflows since its July 2024 debut.