Bitcoin ETFs experienced a $1 billion net outflow, ending a six-week streak of inflows, driven by heavy institutional selling in major funds like ARKB and IBIT. Ether ETFs also faced pressure with $255 million in outflows. Meanwhile, XRP and Solana ETFs attracted fresh institutional capital, gaining $60.5 million and $58.12 million respectively, as investors favored assets linked to regulatory clarity and utility. This shift highlights a more selective approach by investors within the crypto market, focusing on assets with emerging utility and clearer regulatory prospects.
Digital asset investment products experienced $1.07 billion in outflows last week, driven mainly by geopolitical tensions related to Iran. Bitcoin led withdrawals with $982 million leaving its products, while Ethereum saw $249 million in outflows, it...
Goldman Sachs has fully sold off its holdings in several cryptocurrency ETFs focused on XRP and Solana, following weak performance of these products. The bank liquidated about $154 million in XRP-linked ETFs and exited Solana-related funds, signaling...
Most major cryptocurrencies experienced declines, with Bitcoin dropping 2.28% to $76,232 and Ethereum falling 3.72% to $2,103.75. Other notable coins like Binance Coin and Dogecoin also saw decreases, while a few assets showed minor gains. This broad...
Cryptocurrency markets saw a general decline with Bitcoin priced at $77,381, down 1.29%. Other major coins like Ethereum, Binance Coin, and XRP also dropped between 1.8% and 2.2%. Dogecoin experienced a significant fall of nearly 6%, and Bitcoin Cash...
Bitcoin Depot has filed for voluntary Chapter 11 bankruptcy to wind down operations and sell assets, with restructuring also planned in Canada. Meanwhile, Capital B increased its Bitcoin holdings by 192 BTC, bringing its total to 3,135 BTC. Despite t...
