US Bitcoin ETFs see $536 million in withdrawals amid US-China tensions, marking the largest single-day outflow since August.
BlackRock revamps its Treasury fund for stablecoins while Ripple acquires GTreasury to tap into the $120 trillion global treasury market.
Florida proposes Bitcoin as part of state reserves; Newsmax plans a $5 million crypto reserve featuring Bitcoin and Trump Coin.
The global cryptocurrency market is going through one of the most active weeks in months, due to massive ETF outflows, shifting of institutional assets, and new regulatory and corporate activities. The digital assets sector continues to evolve amid macroeconomic uncertainty, as evidenced by withdrawals in US Bitcoin ETFs, BlackRock’s entry into the stablecoin infrastructure market, and Ripple’s investment of $1 billion in corporate treasuries.
Spot Bitcoin ETF in the US recorded $536.4 million in net outflows on Thursday, marking the biggest single-day withdrawal since August 1, according to SoSoValue.
Eight out of twelve active ETFs saw redemptions, led by ARK & 21Shares’ ARKB with $275 million out, followed by Fidelity’s FBTC at $132 million. BlackRock, Grayscale, Bitwise, VanEck, and Valkyrie also logged smaller outflows.
Analysts link the outflows to investor risk aversion amid US-China trade tensions and tighter global liquidity. The week began with a sweeping $20 billion crypto liquidation, erasing leveraged positions for 1.5 million traders after President Trump announced 100 % tariffs on Chinese imports.
Also Read: Bitcoin Price Drops to $109,000 Amid ETF Outflows and Global Market Volatility
BlackRock has updated its Select Treasury-Based Liquidity Fund (BSTBL) to comply with the new GENIUS Act, thus creating a vehicle specifically for stablecoin issuers to hold reserves that are safe, liquid, and transparent.
The revised BSTBL raises exposure to short-term US Treasuries and overnight repurchase agreements while removing agency securities in order to offer instant access for token redemptions. The fund's trading cutoff has also increased to 5 p.m. ET, providing more flexibility for global clients.
CEO Larry Fink highlighted that tokenization may help to unlock over $100 trillion in assets in the next 10 years, providing lower costs and greater transparency.
With a total stablecoin supply of approximately $300 billion, BlackRock wants to be at the forefront of this integration of regulated finance with blockchain liquidity.
DeFi Development Corp. acquired 86,307 SOL ($16 million) at the average price of $110.91 per SOL, increasing its holdings to 2.19 million SOL worth $426 million.
However, its SOL per-share value dropped 25 % to $14.67 from $19.44 in September, as warrant dilution outpaced asset accumulation. The company now has 31.9 million fully diluted shares, including warrants.
Despite aggressive buybacks and a $125 million equity raise, shares remain 61 % below their May peak of $35.53, even after a 1,898 % gain this year.
DeFi Development’s strategy focuses on staking SOL to validators for yield, providing validator services for Kraken, and participating in Solana-based DeFi projects such as Dogwifhat.
Also Read: Solana Shows Strength Amid Big Liquidation: Is It Beating Ethereum?
Florida legislators have put forth House Bill 183 (HB 183), which permits the state to invest as much as 10% of public funds into digital assets and crypto ETFs such as Bitcoin.
If approved, the Chief Financial Officer, alongside the State Board of Administration, will be allowed to use a share of the General Revenue Fund, Budget Stabilization Fund, and retirement trusts for regulated crypto investments.
Set to take effect on the 1st of July, 2026, it depicts Bitcoin as a potential hedge against rising prices and as a storage place for public funds.
HB 183 must still clear committee review and Senate approval before reaching the governor’s desk, but if enacted, Florida would become the first US state to hold Bitcoin as a treasury reserve asset.
Media firm Newsmax plans to purchase up to $5 million worth of Bitcoin and Trump Coin (TRUMP) over the next year as part of a strategic crypto reserve.
CEO Christopher Ruddy said the initiative aligns with the company’s goal to “add digital value to corporate reserves” and called Bitcoin “the gold standard of cryptocurrency.”
If completed, Newsmax would be the first NYSE-listed company to hold a Trump Coin, which boasts a market cap exceeding $1.2 billion.
Despite the headline move, Newsmax shares fell 4 % to $10.83, reflecting broader market volatility. Bitcoin slid 5.31 % to $105,227, while Trump Coin dropped 6.6 % to $5.64.
Ripple Labs has announced a $1 billion acquisition of GTreasury, a corporate cash-management software provider, to expand into the $120 trillion global treasury payments market.
The deal gives Ripple access to GTreasury’s network of enterprise clients and positions XRP as a real-time liquidity tool for cross-border settlements.
“Together, Ripple and GTreasury will enable CFOs to manage both traditional and digital assets seamlessly,” said CEO Brad Garlinghouse.
Ripple plans to use funds from its recent $1 billion SPAC raise to deepen its presence in the Digital Asset Treasury (DAT) sector, a space where competitors like MicroStrategy and MetaPlanet have struggled.
1. Why did Bitcoin ETFs record such large outflows?
Analysts attribute the $536 million in Bitcoin ETF outflows to heightened investor risk aversion following new US-China trade tariffs and a broader $20 billion crypto liquidation event.
2. How is BlackRock entering the stablecoin market?
BlackRock revamped its Treasury-based BSTBL fund under the GENIUS Act to support stablecoin issuers, focusing on liquid, transparent, and compliant reserve management.
3. What is Ripple’s goal with the $1 billion GTreasury acquisition?
Ripple aims to integrate XRP into corporate cash management systems, transforming it into a liquidity engine for cross-border treasury transactions within the $120T market.
4. What does Florida’s new crypto bill propose?
House Bill 183 would allow Florida to invest up to 10% of its state and pension funds in Bitcoin and digital assets, making it the first US state with a crypto treasury reserve.
5. Why is Newsmax buying Trump Coin and Bitcoin?
Newsmax plans a $5 million crypto reserve to diversify corporate holdings, positioning itself as the first NYSE-listed media firm to hold Trump Coin alongside Bitcoin.
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