Bitcoin spot ETFs recorded $696.29 million in net outflows, with Fidelity’s FBTC seeing the biggest daily outflow at $274.48 million
Metaplanet closed 10.45% lower at ¥197 and touched ¥195, despite holding 40,177 BTC and adding 27,832 BTC over the past year
Sharplink bought 5,000 ETH, BitMine staked 160,480 ETH, and AAVE gained over 5%, outperforming the broader bearish crypto market
The crypto market saw major developments as Bitcoin spot ETFs recorded a heavy outflow of $696.29 million, while Bitcoin treasury firm Metaplanet’s stock fell to a new 52-week low. Meanwhile, Ethereum activity stayed strong. Sharplink and BitMine kept adding to ETH exposure. AAVE performed better than the broader market, gaining over 5%.
According to SoSoValue, Bitcoin spot ETFs saw a total net outflow of $696.29 million yesterday.
The Bitcoin spot ETF with the highest net inflow yesterday was Morgan Stanley's ETF MSBT, with a daily net inflow of $9.17 million, and the total historical net inflow of MSBT currently stands at $326.93 million.
The Bitcoin spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of $274.48 million, and the total historical net inflow of FBTC currently stands at $10.14 billion.
The total net asset value of Bitcoin spot ETFs is $72.57 billion, with an ETF net asset ratio of 6.09%. The historical cumulative net inflow has reached $52.05 billion.
Metaplanet fell sharply on June 26 as investors continued to sell the Tokyo-listed Bitcoin treasury company.
According to Google Finance, the stock closed at ¥197, down 10.45% for the day. The stock touched ¥195 during the session, marking a fresh 52-week low. Its 52-week high stands at ¥1,681, meaning the shares now trade about 88% below that peak.
Google Finance listed Metaplanet’s market capitalization at ¥252.41 billion and daily volume at 34.90 million shares.
The company has added 27,832 BTC over the past year while the stock has continued to fall. Metaplanet’s latest public Bitcoin balance stands at 40,177 BTC.
Sharplink resumed buying Ethereum for the first time in eight months. According to on-chain data from Arkham, a wallet linked to the company received 5,000 ETH, valued at approximately $7.85 million, from crypto prime brokerage FalconX.
The timing of the purchase attracted attention as ETH declined to around $1,537, its lowest level in 2026.
Andri Fauzan Adziima, Research Lead at Bitrue Research Institute, said the purchase shows that institutional conviction is still strong despite subdued market conditions.
The company now holds approximately 876,285 ETH, making it one of the largest institutional holders of Ethereum globally.
Also Read: Bitcoin Hits Multi-Month Low as Crypto Market Faces Pressure Since October 2024: What's the Reason
BitMine has staked another 160,480 ETH worth about $248.7 million, according to on-chain tracker Lookonchain.
The move raised the company’s total staked ETH to about 4.88 million tokens, or roughly 86% of its total Ethereum holdings.
The latest staking move came days after BitMine released its June 22 holdings update. The company said it held 5,672,956 ETH, 205 BTC, $601 million in cash and marketable securities, and stakes in Beast Industries and Eightco Holdings.
The company reported annualized staking revenue of about $223 million and said fully staked ETH could produce higher yearly rewards through its validator network and partners.
Aave rose more than 5%, making it one of the top-performing crypto assets despite the broader market decline. This advance contrasts with the selling pressure suffered by Bitcoin and the other major altcoins.
CoinGecko indicated that the native token accumulated a rally of nearly 30% over a 14-day period, adding an 11.7% gain over the past week.
This rally coincides with the publication of a projection analysis issued by the banking institution Standard Chartered.
According to the document signed by the bank’s global head of digital assets research, Geoff Kendrick, the decentralized protocol could experience a substantial expansion during the remainder of the decade.
Also Read: Ethlabs Joins the Battle to Shape Ethereum’s Next Chapter
1. How much outflow did Bitcoin spot ETFs record?
According to SoSoValue, Bitcoin spot ETFs recorded total net outflows of $696.29 million yesterday.
Fidelity’s FBTC saw the biggest outflow at $274.48 million.
2. Which Bitcoin ETF saw the highest inflow?
Morgan Stanley’s Bitcoin ETF MSBT recorded the highest daily inflow at $9.17 million.
Its total historical net inflow now stands at $326.93 million.
3. Why did Metaplanet stock fall?
Metaplanet shares fell as investors continued selling the Tokyo-listed Bitcoin treasury company.
The stock closed at ¥197, down 10.45%, and touched a fresh 52-week low of ¥195.
4. How much Ethereum did Sharplink buy?
Sharplink bought 5,000 ETH worth nearly $7.85 million through a wallet linked to the company.
The purchase came as ETH fell to around $1,537, its lowest level in 2026.
5. Why did AAVE rise despite weak crypto sentiment?
AAVE gained over 5% as it outperformed Bitcoin and other major altcoins during broader market weakness. CoinGecko data showed the token rose nearly 30% over 14 days and 11.7% over the past week.
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