🚀 Unlocking Crypto Liquidity: WLFI and Re7 Labs' Strategic Partnership

➡️ World Liberty Financial (WLFI), a DeFi platform backed by the Trump family, has teamed up with Re7 Labs to introduce a vault for its USD1 stablecoin on Binance’s BNB Chain. This collaboration, announced on June 27, will utilize USD1 on decentralized lending and trading protocols, Euler and Lista. The goal is to enhance USD1’s utility within the BNB Chain ecosystem while improving capital efficiency and transparency in decentralized finance (DeFi).

💼 Re7 Labs, the innovation branch of London-based Re7 Capital, brings valuable technical expertise to this initiative. Re7 Capital recently secured up to $10 million from Hong Kong’s VMS Group, marking its first significant investment in cryptocurrency.

💰 WLFI’s growth is bolstered by substantial capital investments. DWF Labs invested $25 million, while Justin Sun, the founder of Tron and a Chinese crypto entrepreneur, contributed $75 million and joined as an adviser. Additionally, UAE-based Aqua 1 Foundation acquired $100 million worth of WLF tokens, becoming the largest individual investor.

🌍 A significant real-world application of USD1 occurred in May 2025 when MGX, an entity of the Abu Dhabi sovereign wealth fund, used it to facilitate a $2 billion investment in Binance. This event highlights the stablecoin’s practical utility in institutional transactions.

📈 Social media reactions to the partnership emphasized its strategic importance, with industry accounts noting its potential to broaden USD1’s ecosystem on the BNB Chain. Currently, WLFI’s USD1 has a market valuation of $2.205 billion with over 2.157 billion USD1 issued on the Binance Smart Chain (BSC) and also on Tron.

🔗 The announcement stated that this partnership aligns with the growing institutional interest in cryptocurrency and aims to promote the adoption of USD1 in DeFi through reliable infrastructure.

💰 Bitcoin and Ether ETFs See Significant Inflows

📈 Bitcoin exchange-traded funds (ETFs) have recorded their 14th consecutive day of net inflows, attracting an impressive $501 million. Ether ETFs also made a strong comeback with a gain of $77.45 million, driven primarily by Blackrock and Fidelity.

Friday, June 27, marked the 14th day in a row of inflows. This one was big, bringing in $501.27 million in net new capital.

➡️ The surge was led by major players such as Fidelity’s FBTC ($165.52 million), BlackRock’s IBIT ($152.95 million), and Ark 21Shares’ ARKB ($150.25 million). Together, they accounted for the majority of the day's increase. Other contributors included Bitwise’s BITB ($11.63 million), Grayscale’s Bitcoin Mini Trust ($8.05 million), Vaneck’s HODL ($6.05 million), Invesco’s BTCO ($3.73 million), and Franklin’s EZBC ($3.09 million). Trading volumes reached $2.70 billion, while total net assets rose to $133.17 billion.

🔄 On the other hand, ether ETFs rebounded after a dip the previous day, gaining $77.45 million in net inflows. Blackrock’s ETHA led the way with $48.10 million, followed by Fidelity’s FETH with $28.86 million. A small contribution of $481K came from 21shares’ CETH. The ether ETF sector saw a trading volume of $269.81 million and net assets increased to $9.88 billion.

📊 As both bitcoin and ether ETFs regain momentum, investor sentiment remains bullish, particularly with bitcoin ETFs achieving one of the longest streaks of inflows this year.

➡️ Brazil's Tax Policies May Drive Crypto Users Underground

💰 In the latest edition of Latam Insights Encore, we delve into the Brazilian government's recent moves regarding cryptocurrency taxation and their potential impact on users. The government’s intention to impose taxes on all crypto holders could push users to operate in secrecy.

➡️ Over the past year, Brazil's approach to cryptocurrency has been inconsistent. While there has been some openness to integrating stock-linked crypto options, crypto users are still treated as second-class citizens. Recent proposals, such as banning stablecoin withdrawals to self-custody wallets and removing tax exemptions for small traders, indicate a shift away from supporting grassroots crypto adoption.

📉 A significant change is the requirement for all cryptocurrency holders and traders to pay quarterly income taxes on their holdings, even if these assets are not held on exchanges. This move appears to be an attempt to offset a proposed increase in financial transaction taxes but may have the opposite effect.

Instead of incentivizing crypto users to come forward and legalize their holdings, this new 17.5% across-the-board tax will spark an underground movement,

the article states. This means that transactions and holdings may revert to being private.

🔍 The Brazilian tax authority plans to pursue digital assets held in self-custody by users, even though obtaining this data may be challenging. This puts individual traders at risk of exposing their information to state authorities with the first data submission.

🤔 Ironically, this new tax regime may benefit larger holders and traders who previously faced higher tax rates of up to 22% on their crypto income. Smaller traders, on the other hand, are likely to be adversely affected.

🚨 Industry members are already voicing concerns that these changes could lead to a significant shift towards the decentralized side of the crypto ecosystem or to centralized platforms operating outside of regulatory oversight. This could ultimately leave users dependent on unregulated brokers for managing their digital assets.

🚀 Lightchain AI: Pioneering Decentralized AI Infrastructure

🗓 As the Lightchain AI ecosystem gains momentum in the Web3 and AI communities, a prevalent question arises: "When is the official launch date?" We aim to address this with transparency.

🔗 Lightchain AI is more than just a Layer 1 blockchain; it is a permissionless AI infrastructure designed for decentralized model training, inference, and governance. Our unique consensus protocol and testnet-ready dashboard demonstrate our commitment to creating a new paradigm of open, uncensorable artificial intelligence.

⏳ We are committed to launching but will not rush to announce a date for the sake of hype. Our priority is to ensure a smooth and secure launch experience for all stakeholders, including validators, GPU providers, developers, and token holders.

✅ We have achieved significant milestones:

- Mainnet chain development is complete
- Finalizing the AI consensus layer
- Active testing of the inference dashboard
- Ongoing upgrades to the governance system
- The presale bonus round is still live

🔍 Currently, we are rigorously testing and auditing every module to prepare for the upcoming scale. The exact launch date will be announced only when we are fully confident in the Lightchain AI network's readiness.

💰 Ego Death Capital Launches $100 Million Fund for Bitcoin Software Startups

🚀 Bitcoin venture capital firm Ego Death Capital has announced the closing of a $100 million fund dedicated to investing in Bitcoin software startups. This fund will primarily target startups in the seed or series A stage with revenues ranging from $1 million to $3 million. The focus will be on software projects rather than companies dealing with physical products like cold wallets or mining infrastructure.

💼 Ego Death Capital has already made investments in several companies including bitcoin-based exchanges Roxom and Relai, as well as Lightning payments firm Breez.

We see bitcoin as the only decentralized and secure base to be able to build on,

said Nico Lechuga, Founding Partner of Ego Death Capital.

➡️ Robert Kiyosaki's Strategic Bitcoin Buying Approach

➡️ Robert Kiyosaki, the author of Rich Dad Poor Dad, has shared his insights on bitcoin investing amidst current market conditions. He suggests that investors should anticipate panic-driven sell-offs before making significant purchases. Kiyosaki emphasizes the importance of timing and investor psychology during bull markets.

Being a fat pig with enough bitcoin… I will wait for the coming hog slaughter. After the hogs stop squealing and selling and blaming bitcoin for their losses, my fellow pigs and I will buy more bitcoin on sale

said Kiyosaki.

📈 He draws a distinction between disciplined investors, whom he refers to as "pigs," and reckless ones or "hogs." Kiyosaki advocates for a long-term investment strategy and stresses that profits are made at the time of purchase, not sale. This perspective aligns with his view that successful investing requires patience and informed decision-making rather than emotional reactions to market fluctuations.

💰 As a strong supporter of bitcoin, Kiyosaki sees it as a hedge against economic instability characterized by debt and inflation. He consistently advises his followers to diversify their assets with bitcoin, gold, and silver while urging them to resist the fear of missing out (FOMO) and wait for opportune moments to invest.

🚨 Breaking: Trump Likely To Fire Jerome Powell Soon, BTC Price Jumps 📢

👉 Read more

🟢 US Marshals Service Bitcoin Holdings Revealed: A FOIA Response Raises Questions

🔍 A recent Freedom of Information Act (FOIA) response obtained by independent journalist L0laL33tz has unveiled that the U.S. Marshals Service (USMS) currently controls 28,988 BTC, valued at approximately $3.44 billion as of July 2025. This revelation has ignited curiosity regarding the U.S. government's reported bitcoin reserves, which some believe to be close to 200,000 BTC.

🗣 In the report, L0laL33tz stated,

In March, we filed a FOIA request for the amount of bitcoin held by the US Marshal Service. Today, we publish the USMS answer to our FOIA request, as well as the list of bitcoin it holds, totaling 28,988.35643016 BTC.

Historically, the USMS has managed and auctioned seized cryptocurrencies for various federal agencies, including the FBI and Department of Justice. However, this lower figure suggests that the USMS does not possess the entire government's bitcoin stash.

💰 David Bailey, head of Bitcoin Magazine, offered $10,000 to the first journalist who could confirm the U.S. Marshals' current bitcoin holdings. He later questioned whether the published amount was the complete asset list, indicating that the Marshals might no longer hold that bitcoin.

🔗 Various federal agencies seize bitcoin related to criminal activities and transfer these assets to the USMS for custody. However, some assets may remain under agency control pending legal proceedings. Additionally, the U.S. government has contracted third-party custodians like Coinbase and Anchorage Digital to manage seized cryptocurrencies. These custodians may hold bitcoin on behalf of various agencies, potentially explaining some of the bitcoin not accounted for in the USMS's reported holdings.

📊 The lack of a transparent, blockchain-verified audit from the government raises uncertainty about its claimed bitcoin ownership. A proof-of-reserves audit would provide the public with clearer confidence, especially in light of the Strategic Bitcoin Reserve (SBR) executive order launched by President Donald Trump this year. However, the absence of centralized transparency and the challenges of coordinating seized assets across different agencies complicate this issue.

⚠️ Adding to the confusion, Coindesk reported that the USMS cannot accurately state how much bitcoin it controls. Chip Borman from Addx Corporation warned,

As far as I’m aware, the USMS is currently managing this with individual keystrokes in an Excel spreadsheet. They’re one bad day away from a billion-dollar mistake.

📈 Bullish's Bold NYSE Bid: A New Era for Institutional Crypto

🚀 Digital asset platform Bullish is making waves in the public markets with its recent announcement of a proposed initial public offering (IPO) on the New York Stock Exchange (NYSE). The Cayman Islands-based firm filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on July 19, seeking to list its ordinary shares under the ticker symbol 'BLSH'. While the company has yet to disclose the number of shares or a price range, it will benefit from reduced disclosure obligations as a "foreign private issuer."

🔄 This move marks a significant shift for Bullish, which previously attempted to go public in 2021 through a merger with Far Peak Acquisition Corp., a Special Purpose Acquisition Company (SPAC). That deal, valued at $9 billion, was ultimately terminated in 2022 due to a decline in crypto markets and increased regulatory scrutiny. Now, alongside other crypto firms like Gemini and Grayscale, Bullish is re-entering the public capital arena.

💼 Backed by billionaire investor Peter Thiel, Bullish operates a regulated digital asset exchange with licenses in Germany, Hong Kong, and Gibraltar. The platform caters to institutional clients by combining an automated market maker with a central limit order book. While it has a global presence, its Hong Kong subsidiaries manage critical services such as custody and compliance. Notably, Bullish does not operate in mainland China and is not subject to Chinese regulatory oversight.

🌍 As investor appetite for crypto resurges and global ambitions expand, Bullish's NYSE bid signals a pivotal moment for the institutional crypto landscape.

💰 Profusa's Bold Move: Embracing Bitcoin as a Treasury Reserve

🚀 Profusa Inc., a digital health company, is making headlines by securing a $100 million equity line of credit (ELOC) with Ascent Partners Fund. This strategic decision involves allocating all net proceeds, beyond a $5 million cash buffer, towards bitcoin purchases.

It is critical that we leverage opportunities to manage our resources to enable maximum shareholder value. Holding bitcoin on our balance sheet represents a strategic move to safeguard shareholder value and align with a digital future.

said Ben Hwang, Profusa’s Chairman and CEO.

📉 Under the agreement, Ascent will acquire Profusa’s common stock at 97% of the lowest volume-weighted average price over the five trading days post-issuance. The company can raise up to $5 million per drawdown, limited by recent average trading volumes.

💼 This move positions bitcoin as Profusa’s primary treasury reserve asset. If the company’s cash balance falls below $5 million, proceeds from the ELOC will first replenish cash reserves before being used to acquire BTC. Profusa expects its first bitcoin purchases to take place this week and will report its holdings quarterly.

📈 This marks a significant treasury pivot for a public biotech firm, signaling growing institutional interest in bitcoin as a financial reserve tool beyond the tech sector.

➡️ US Senators Raise Concerns Over Crypto Integration in Mortgage Underwriting

⚠️ A bold federal initiative to incorporate cryptocurrency assets into mortgage underwriting is facing significant backlash from U.S. lawmakers. They warn that this move could lead to destabilizing shocks in the housing finance system. Senators Jeffrey Merkley, Elizabeth Warren, Chris Van Hollen, Mazie Hirono, and Bernie Sanders expressed their concerns in a letter to Federal Housing Finance Agency (FHFA) Director William Pulte on July 24, 2025. They demanded detailed information regarding Pulte's directive for Fannie Mae and Freddie Mac to consider unconverted cryptocurrency assets in mortgage applications.

⚡️ Pulte's order allows verified cryptocurrency holdings on U.S.-regulated exchanges to be treated as eligible assets for mortgages. The senators requested a comprehensive risk analysis from the FHFA, including the timeline for board approvals and the criteria for assessing cryptocurrencies. They also sought information on internal and external meetings related to this decision, emphasizing the need for measures to prevent conflicts of interest. The letter cautioned that

Expanding underwriting criteria to include the consideration of unconverted cryptocurrency assets could pose risks to the stability of the housing market and the financial system.

⚠️ The lawmakers highlighted potential governance issues, noting Pulte's dual role as FHFA Director and Chair of the Enterprises’ Boards. They pointed out that Pulte's spouse holds up to $2 million in crypto assets and urged the FHFA to clarify whether he has consulted ethics officials regarding this matter. They demanded assurance that any policies affecting crypto asset eligibility undergo thorough oversight.

🔍 While acknowledging the limited scope of the directive, which restricts eligibility to assets on U.S.-regulated centralized exchanges, the senators recognized the FHFA's requirement for independent risk mitigants to be developed by the Enterprises. Proponents of cryptocurrency argue that thoughtful inclusion of digital assets could enhance mortgage access for digitally native borrowers and align lending models with evolving asset portfolios.

📉 XRP's Recent Struggles and Future Prospects

📉 Since July 23, XRP has been trading below $3.40 due to reports of a wallet linked to Ripple’s co-founder dumping millions of tokens. Despite this dip, one expert suggests that improving liquidity and institutional interest could support the digital asset's rally.

➡️ After falling below $3.40, XRP has fluctuated between $3 and $3.13, while other altcoins like ether (ETH) and BNB have seen gains. Nevertheless, XRP remains a strong performer with a 45% increase over the past 30 days and a remarkable 430% surge in the last 12 months. This rise can be attributed to Ripple's legal victories against the U.S. Securities and Exchange Commission (SEC) and a more pro-crypto U.S. government.

♾ However, since reaching a high of $3.64 on July 21, XRP has struggled to maintain its upward trend. Some market observers link this decline to reports that a crypto wallet associated with Ripple co-founder Chris Larsen sold millions of tokens starting around mid-July. Despite these transfers, the wallet still holds over 282 million XRP.

📈 Despite the controversy surrounding the Larsen wallet transfers, some analysts argue that this should not be seen as a bearish signal for XRP. James Toledano, COO at Unity Wallet, believes that the fundamental drivers behind XRP's surge—optimism about a potential XRP exchange-traded fund (ETF) and increasing legal clarity—remain strong. He projects that the rally is likely to continue.

With the SEC maintaining a softened posture, many see a structural step forward for XRP’s legitimacy in U.S. markets,”

Toledano stated. He added that despite recent volatility and significant liquidations, improving liquidity, growing institutional flows, and ETF-driven optimism make a continued rally plausible.

📈 This optimistic view is supported by a Motley Fool report that describes XRP's institutional strategy as compelling and identifies future ETF approval as a potential catalyst for the digital asset. However, the report also warns that until such a catalyst is realized, XRP's timeline is uncertain, and gains from institutional onboarding will be gradual rather than immediate.

💰 Coinbase Reports Record Q2 Profit Amid Crypto Market Gains

📈 Coinbase Global, Inc. (Nasdaq: COIN) announced a remarkable $1.43 billion net profit for Q2 2025, a significant rise from $36 million in the same quarter last year. The cryptocurrency exchange also revealed its bitcoin holdings worth $1.26 billion.

💵 The company's regulatory filing indicated that revenue reached $1.5 billion, driven by $764 million in transaction fees and $656 million from subscriptions and services. Coinbase increased its bitcoin investments during the quarter, with holdings rising from $643 million at the end of 2024. Ethereum investments amounted to $340 million.

🔍 Additionally, Coinbase obtained Europe’s Markets in Crypto-Assets Regulation (MiCA) license during the quarter, enhancing its international compliance framework. However, a security incident in May cost the company $307 million in customer reimbursements and legal expenses.

📊 Despite these challenges, Coinbase reported a $681 million profit for the first half of 2025. Transaction volume grew 5% year-over-year to $237 billion, and assets under management surged 63% to $425 billion, with bitcoin representing 71% of the total. The company held $7.5 billion in cash and $2.2 billion in USDC stablecoins.

⚡️ Coinbase is also in the process of acquiring the crypto derivatives exchange Deribit for $700 million in cash plus 11 million shares, pending regulatory approval. However, the company faces ongoing litigation from the SEC and state securities regulators regarding staking services.

📉 Coinbase noted that its $1.26 billion bitcoin investment could face a $919 million valuation impact from a hypothetical 50% price swing. Executives expect higher technology and administrative expenses in Q3 due to planned headcount growth, while marketing spend is anticipated to remain steady.

🌍 Coinbase’s increasing bitcoin exposure and aggressive M&A strategy suggest it is positioning itself as a key player in institutional crypto finance. Despite regulatory challenges, the company's expanding footprint and rising assets under management indicate a strategic bet on long-term market maturation and global demand for compliant digital asset infrastructure.

📉 XRP Market Analysis: August 3, 2025

📊 On August 3, 2025, XRP traded between $2.85 and $2.88 per coin, experiencing a 2.2% decline over the past 24 hours. The cryptocurrency's market capitalization was $170.83 billion with a 24-hour trading volume of $7.48 billion. The intraday price range was $2.75 to $2.94.

🔄 The 1-hour chart for XRP/USDC shows a gradual reversal pattern forming a rounded bottom after a recent low of $2.727. Increasing buying volume on green candles indicates growing interest from intraday traders. Immediate resistance is between $2.88 and $2.90, while $2.80 serves as short-term support. Scalping strategies may be favorable if the price pulls back into the $2.82–$2.85 zone.

📉 On the 4-hour chart, the pair has entered a corrective phase with lower highs and lower lows. However, a double bottom at $2.727 followed by a breakout near $2.85 suggests a potential shift. Volume spiked during the second bottom formation, indicating possible capitulation and reentry by institutional players. Maintaining support above $2.85 with confirmation volume could reinforce a bullish reversal.

📈 Daily chart analysis shows XRP peaking at $3.664 in July before entering a short-term downtrend. Key support has formed at $2.70, with a recent bounce indicating potential bottoming behavior. A confirmed daily close above $2.90 with follow-through volume could validate a trend reversal.

📊 XRP's oscillators reveal mixed sentiment. The relative strength index (RSI) is at 46.07, indicating neutral momentum. The Stochastic oscillator is also neutral at 9.31. The commodity channel index (CCI) reads −130.59, signaling bullish conditions. However, the moving average convergence divergence (MACD) level of 0.062 indicates a bearish signal.

🟥 A broader look at the moving averages (MAs) points to bearish pressure in the short term and bullish undertones in the long term. All short-term indicators are flashing negative signals, while longer-term indicators reflect bullish signals. This divergence suggests a consolidation phase with a high probability of breakout upon volume confirmation.

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💰 Satsuma Technology PLC Secures £163.6 Million for AI and Bitcoin Initiatives

🚀 London-based Satsuma Technology PLC has successfully raised £163.6 million ($217.65 million) in an oversubscribed second round of secured convertible loan notes, significantly exceeding its minimum £100 million target. The fundraising closed on July 28, 2025, representing a 63.66% oversubscription beyond the initial goal announced on June 24.

💼 Investor backing came from specialist global digital asset funds and exchanges, alongside large institutional equity funds. Several prominent London-based institutional equity funds, collectively managing over £300 billion in assets, also participated in the round. Notably, over half of the funds raised, equivalent to approximately 1,097 bitcoin, were settled directly in the cryptocurrency. The majority of Satsuma’s crypto holdings are managed by its Singapore subsidiary. Key investors included ParaFi Capital, Pantera Capital, Blockchain, Kraken, Arrington Capital, and Digital Currency Group.

🔄 Formerly known as TAO Alpha PLC, Satsuma rebranded in July 2025. The company develops AI-powered subnet ecosystems and participates in the Bittensor (TAO) decentralized AI marketplace. The new capital will fund team expansion, infrastructure enhancement, and increasing bitcoin treasury holdings, managed at prudent risk levels.

📈 CEO Henry K. Elder described the raise as a “landmark validation” of the company’s strategy to combine bitcoin-native treasuries with decentralized AI, calling it the largest fundraise for a London company with a bitcoin treasury.

📈 Cryptocurrency Market Sees Positive Week with Altcoin Surge

🌟 The cryptocurrency market ended the week on a high note, with its total market capitalization briefly exceeding $4 trillion for the second time in two weeks. Altcoins led the charge, many posting double-digit gains, which resulted in Bitcoin's dominance dropping from nearly 62% to 57%.

🚀 Ethereum (ETH) emerged as a top performer, surging over 21% to close at approximately $4,215, a level not seen since December 2021. Some analysts suggest it could surpass its all-time high of $4,878.26, with the most optimistic predicting it might reach $10,000 by year-end. Chainlink (LINK) also had a remarkable week, recording a 33.6% increase and peaking at $21.22 before settling at $21.14.

📊 Other notable gainers included Dogecoin (DOGE) with over 24% growth, XLM rising by 20.4%, and HYPE increasing by 17.3%. The biggest winner was MYX, which skyrocketed by an astonishing 1,439%, followed by TROLL at 273.2% and SOON at 159%.

📉 However, not all digital assets fared well. TON closed 3.2% lower, and XMR experienced a significant drop of 7% amid reports of a potential 51% attack on the Monero network by the Qubic network. This threat has heightened market anxiety and contributed to XMR's sharp decline. Other major losers included Graphite Protocol (GP), VINE, and ULTIMA, which fell by 49.4%, 28.1%, and 20.3% respectively.

⚖️ Do Kwon to Plead Guilty in $40 Billion Crypto Fraud Case

➡️ Do Kwon, the co-founder of Terraform Labs, is set to plead guilty to conspiracy and wire fraud charges in the U.S. These charges are linked to the 2022 collapse of his cryptocurrency projects, which resulted in a loss of approximately $40 billion. A U.S. judge confirmed this decision on Tuesday.

📉 Kwon had previously pleaded not guilty in January to a nine-count indictment that included allegations of securities fraud, wire fraud, commodities fraud, and money laundering conspiracy. Prosecutors claim that Kwon misled investors by falsely asserting that an algorithm maintained the $1 peg of his stablecoin, terrausd (UST), after it depegged in May 2022. He allegedly arranged for millions in token purchases to artificially inflate UST's price.

💰 These misrepresentations reportedly helped boost the value of LUNA, another cryptocurrency associated with Kwon, to $50 billion by spring 2022. In a settlement with the SEC in 2024, Kwon agreed to pay an $80 million civil fine and accepted a ban on crypto transactions.

📈 Ether ETFs Extend Winning Streak Amid Bitcoin Resilience

📊 Ether exchange-traded funds (ETFs) have achieved impressive inflows of $640 million for eight consecutive days, while bitcoin ETFs also saw gains for the seventh day with $231 million, despite significant outflows from major funds. Record trading volumes highlighted the market's intense activity.

Crypto ETF momentum is refusing to cool,

the article states. On August 14, ether ETFs secured $639.61 million, extending their streak, while bitcoin ETFs added $230.93 million despite heavy selling pressure.

💪 Ether ETFs led the way with Blackrock’s ETHA bringing in $519.68 million, followed by Fidelity’s FETH at $56.94 million. Grayscale’s Ether Mini Trust added $60.73 million, and Invesco’s QETH contributed $2.26 million. No ether ETF experienced outflows for the third consecutive day. The total turnover was a massive $4.22 billion, keeping net assets steady at $29.22 billion.

📉 On the bitcoin side, Blackrock’s IBIT was the standout performer, pulling in $523.74 million. Grayscale’s Bitcoin Mini Trust added $7.32 million, but gains were offset by significant exits from Ark 21shares’ ARKB ($149.92 million), Fidelity’s FBTC ($113.47 million), Bitwise’s BITB ($30.87 million), and Vaneck’s HODL ($5.85 million).

Even so, IBIT’s haul was strong enough to keep the day in the green,

the article notes. Trading activity reached a new record at $6.20 billion, although total net assets dipped to $153.43 billion.

🔥 With eight straight days of ETH inflows, record-high volumes, and BTC resilience amidst selling pressure, the ETF race is intensifying rapidly.