In brief U.S. spot Bitcoin ETFs have shed $2.1B in June, pacing May’s $2.4B total outflows. Net assets declined $33B from $109B to $77B in the past month, in line with Bitcoin’s 27% drop. Analysts argued that the pace of ETF outflows is “exhausting rather than building,” but offered differing views on what could turn
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1687.72, up 1.6% (+26.8) since 4 p.m. ET on Wednesday. All of the 20 assets are trading higher. Leaders: UNI (+4.5%) and SOL (+2.6%). Laggards: CRO (+0.3%) and NEAR
Citigroup is launching a new way for wealthy and institutional investors to buy stakes in private companies using blockchain technology as part of a broader push by major banks to bring traditional financial assets onto digital asset networks. The bank on Thursday unveiled what it called Digital Depositary Receipts, a product that allows investors to
Ondo Finance has hired former Invesco ETF executive and Grayscale managing director John Hoffman to expand its tokenized investment products beyond stocks and Treasury notes. Hoffman joins the firm as managing director and head of product portfolios after serving as head of distribution and partnerships at Grayscale Investments, best known for its digital asset funds.
Bitcoin exchange-traded funds (ETFs) have suffered nearly $5.75 billion of outflows since mid-May, fueling speculation that institutional investors are cashing out of crypto to prepare for the highly anticipated SpaceX IPO. The selling pressure drove bitcoin to a 2026 low below $60,000 in the first week of June, more than 50% below its all-time high
The debate over Strategy’s (MSTR) recent dilutive transaction resurfaced, this time featuring Strategy Executive Chairman Michael Saylor and Strike and Twenty One Capital (XXI) CEO Jack Mallers, on Wednesday at BTC Prague, as the two weighed in on how investors should assess the company’s increasingly complex capital structure. Mallers asked Saylor how he defines multiple-to-net
Yesterday, US CPI data, which the Fed closely monitors when making its interest rate decisions, was released and came in at 4.2%. At this point, inflation in the US has officially risen above 4%, more than double the Fed’s ultimate target of 2%. This increases the likelihood of further Fed interest rate hikes. Related News
Glassnode: Bitcoin is Approaching the Final Phase of its Correction, but the Bottom Has Not Yet Been Confirmed Glassnode, a leading on-chain data analytics company in the cryptocurrency market, made noteworthy assessments regarding Bitcoin’s current market cycle in its latest weekly report. According to the company, while many technical and on-chain indicators point to the
BlackRock is close to launching a bitcoin fund that pays an income. The world’s largest asset manager filed its fourth amendment for the iShares Bitcoin Premium Income ETF on Tuesday, according to its SEC filing. The fund will trade on Nasdaq under the ticker BITA. The income comes from options. The fund holds bitcoin and
Circle has unveiled new privacy capabilities for its Arc blockchain, introducing a confidential smart contract engine designed to keep sensitive financial data hidden while preserving access for compliance and audit functions. In a June 10 announcement, Circle said the new system, called Arc Privacy, addresses one of the biggest obstacles facing institutional blockchain adoption, namely