Bitcoin witnessed $467M ETF inflows, pushing total assets near $109B, reinforcing long-term confidence
XRP whale outflows dominate at over 90%, signaling large-holder activity while retail participation declines sharply, reflecting shifting market dynamics
Security risks persist as hacks and Ponzi schemes emerge, while Strategy’s potential BTC selling highlights financial pressure among major crypto players.
The crypto market saw developments through institutional confidence amid strong Bitcoin ETF inflows, while XRP whales sell their holdings, and Strategy plans to sell BTC. The ongoing attacks and fraudulent schemes demonstrate the constant security threats that exist within the ecosystem.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of $467.35 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $251.43 million.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of $133.20 million. The Bitcoin Spot ETF with the highest net outflow yesterday was Grayscale's ETF GBTC, with a daily net outflow of $18.40 million.
The total net asset value of Bitcoin Spot ETFs is $108.98 billion, with an ETF net asset ratio of 6.67%. The historical cumulative net inflow has reached $59.72 billion.
Ekubo, a decentralized exchange built on Starknet, disclosed a security incident involving swap router contracts across Ethereum and Arbitrum.
The protocol clarified that Starknet infrastructure and liquidity providers remained unaffected, which helped reduce broader contagion fears.
Ekubo’s exploit unfolded rapidly after attackers executed 85 separate transactions, quietly draining 17 WBTC through repeated 0.2 WBTC transfers.
As the movement continued, the stolen funds flowed into Velora, where attackers converted them into $404K USDC, $403K DAI, and 239.5 ETH. Soon after, the assets consolidated into 577 ETH worth nearly $1.36 million before being routed toward Tornado Cash.
Investment group BG Wealth Sharing, a suspected $150 million crypto Ponzi scheme, had its domain seized by law enforcement days after allegedly rug-pulling users.
On-chain investigator ZachXBT on X said that “illicit actors” connected to the group tried to launder over $92 million in crypto between April 27 and Sunday, but he helped lead an initiative that froze more than $41 million, working alongside Tether, Binance, OKX, and US law enforcement.
He also said the scheme was likely responsible for losses over $150 million, given it’s been operating since 2025 and the “thousands of victim exchange withdrawals identified.”
“While these Chinese investment frauds are obvious to most, they purposely target unsophisticated retail investors via social media,” ZachXBT added.
Also Read: Bitcoin Price Surges Above $80,000 as ETF Demand Jumps in 2026
Circle is pushing USDC further into on-chain trading through a new partnership with Lighter. The stablecoin will become more than a quote asset sitting beside a trading pair.
Under the agreement, USDC will become the default and preferred stablecoin across Lighter’s products. That includes spot trading, perpetual markets, settlement, liquidations and onboarding flows.
By integrating USDC into trading, margin, and settlement workflows, Lighter is treating the stablecoin as part of its market infrastructure. That matters because modern on-chain exchanges are not simple swap interfaces anymore.
Perpetual venues need collateral that can move quickly, settle cleanly and remain liquid when markets become stressed.
According to the CryptoQuant report, XRP whale outflow on Binance reached 91.4%, its highest level since 2024. Retail outflow dominance on the exchange has dropped to 8.4%, its lowest level since 2024.
Across all centralized exchanges, whale dominance stands at 90.5% and retail dominance at 9.3%, both readings at multi-year extremes in opposite directions.
Exchange outflows happen for multiple reasons and do not automatically confirm accumulation. The signal is the composition of who is driving those outflows.
At 91.4% on Binance and 90.5% across all CEXs, the current outflow structure is being driven almost entirely by large holders. Retail participants are nearly absent from the outflow.
Also Read: XRP Price Holds Key Zone as XRPN Plan Draws Fresh Market Focus
In an earnings call on Tuesday, Strategy revealed that it’s weighing on selling some of its BTC to fund its dividend obligations.
In Q1, Strategy recorded an operating loss of $14.47 billion, a 144% rise year-over-year from the $5.92 billion posted in Q1 2025. The net loss sits at $12.54 billion, surging around 200% from $4.22 billion in Q1 last year.
Strategy has been on a buying spree, adding 63,000 BTC this year to hit 818,334 tokens.
Now, CEO Phong Le says it might be time to consider a change in approach and start selling off some of the BTC to cover pressing expenses.
1. Why are Bitcoin ETF inflows significant for the market?
ETF inflows represent institutional participation and long-term capital entering the crypto space. With $467M daily inflows and nearly $109B in assets, they provide liquidity support and help stabilize Bitcoin prices during volatile periods.
2. What do XRP whale outflows indicate?
Whale outflows, especially at 91.4%, show large investors are actively moving funds. This could indicate profit booking, repositioning, or accumulation off exchanges, but it also signals reduced retail participation in current market conditions.
3. What happened in the Ekubo hack?
Ekubo lost $1.36M after attackers executed 85 transactions, draining 17 WBTC and converting funds into ETH and stablecoins before routing them through Tornado Cash, highlighting ongoing DeFi security vulnerabilities.
4. Why is Strategy considering selling Bitcoin?
Strategy reported a $12.54B net loss in Q1 and may sell BTC to meet dividend obligations. This marks a shift from aggressive accumulation to potential liquidity management amid financial pressure.
5. How serious is the $150M Ponzi scheme case?
The BG Wealth Sharing case involved laundering over $92M, with over $41M frozen. It highlights ongoing risks in crypto markets where unsophisticated investors are targeted through social media-driven fraud schemes.
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