Net assets in U.S.-listed spot Bitcoin ETFs have dropped to $77.58 billion, levels last seen shortly after Donald Trump's 2024 election win. Despite a more favorable regulatory environment under the Trump administration, including reduced SEC enforcement and progress on crypto legislation, investors have pulled over $5 billion from these ETFs in the past month. Analysts attribute the outflows to macroeconomic concerns like inflation and the rising interest in AI and other tech sectors diverting capital away from crypto. This decline erases the gains made since the 2024 election, signaling shifting investor priorities despite regulatory progress.
The SEC has approved the T. Rowe Price Active Crypto ETF, allowing it to list and trade shares with an active strategy investing in 5 to 15 eligible cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The fund can also use USD...
On-chain data shows a transfer of 75 million USDT from a Binance-linked wallet to an external address on the Ethereum network. This large stablecoin outflow could indicate a significant client withdrawal, internal wallet management, or an institution...
Bitcoin's market capitalization has dropped to 15th place globally, valued at around $1.275 trillion and trading near $63,849. It now ranks below major technology companies like NVIDIA, Apple, Meta, Tesla, Samsung, and new public listing SpaceX. This...
Bitcoin briefly surged past $64,000 following U.S. President Donald Trump's announcement of a tentative peace deal with Iran, reaching a seven-day high of $64,349. However, Iranian officials quickly denied the agreement, causing volatility but not sh...
Bitcoin is maintaining a price around $63,000 driven by optimism over a potential US-Iran peace deal in the Middle East, which is boosting positive social sentiment. Despite recent liquidations of over 108,000 traders and significant outflows from Bi...
