Bitcoin ETFs saw $291M outflows, while Strategy added 13,927 BTC worth $1B, signaling mixed institutional sentiment.
XRP expands in Japan via Rakuten, enabling payments across 5M+ merchants and a $23B loyalty ecosystem.
RAVE surged 6000% with a $2B market cap, while Sei’s upgrade shifts focus to EVM, reshaping ecosystem dynamics.
The crypto market witnessed mixed developments from Bitcoin’s Outflows and Strategy increasing its BTC treasury to RAVE surging and XRP in Japan’s mainstream financial network.
According to SoSoValue, the Bitcoin Spot ETF saw a total net outflow of $291.11 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $34.70 million, and the total historical net inflow of IBIT currently stands at $63.76 billion.
The second highest was Bitwise's ETF BITB, with a daily net inflow of $11.88 million, and the total historical net inflow of BITB currently stands at 2.10B USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of $229.22 million.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is $94.51 billion, with an ETF net asset ratio of 6.45%.
Also Read: Bitcoin on Edge: Geopolitical Shock Sparks Fear of Another Downturn
Starting April 15, 2026, Rakuten Wallet, a regulated crypto platform from Japan, will integrate with XRP Ledger (XRPL) for XRP payments.
The strategic listing means Rakuten Wallet users can easily convert over 3 trillion points, worth around $23 billion, into XRP.
Also, Rakuten Wallet users can use this token for payments via Rakuten Pay at over 5 million merchants in Japan.
“Rakuten is one of Japan’s most trusted consumer brands. The fact that XRP is now embedded into its loyalty and payments infrastructure is a powerful signal of where digital asset adoption is heading,” Kohrogi stated.
On Monday, Sei Labs deployed v6.4 on mainnet, a key step in its SIP-3 migration, and introduced the ability to disable incoming Inter Blockchain Communication (IBC) transfers. This step reduces the dependence on the Cosmos ecosystem.
This signals Sei’s shift to an Ethereum-focused Machine (EVM) network, moving away from native Cosmos compatibility. Once approval is passed, assets like Noble USDC and Kava USDT will no longer be bridged in.
Users holding IBC assets will need to migrate positions or swap tokens to EVM-compatible assets to avoid liquidity risks.
Michael Saylor’s Strategy added more Bitcoin to its treasury. On April 13, Strategy acquired 13,927 BTC for $1 billion at an average cost of $71,902 per Bitcoin.
Strategy achieved a ‘BTC Yield’ of 5.6% year-to-date in 2026. For context, ‘BTC Yield’ means whether Saylor’s firm is holding a larger slice of Bitcoin per share or just a diluted one.
After this purchase, the total Bitcoin holding of Strategy moved to 780,897 BTC worth $59.02 billion at an average cost of $75,577 per Bitcoin.
The purchase happened against the backdrop of Bitcoin gaining over 5% to reach $74,576.83 in just 24 hours.
RAVE, the native token of RaveDAO, debuted at around $0.25 and rallied to $14 within a matter of weeks.
Market cap briefly reached $2.35 billion, pushing the token into CoinGecko's top 50 by market cap.
On April 14, CoinGecko acknowledged the move and said, "$RAVE recorded a 33x growth over the past 7 days, rising from $60 million market cap to $2 billion. The token is now ranked within the top 50 assets by market cap."
Open Interest in derivatives markets crossed $200 million within hours. Daily trading volume also reached near its entire market cap.
On April 13, the U.S. Department of Justice announced the start of a formal remission claims process for victims of the $4 billion OneCoin crypto fraud.
Eligible investors who suffered losses between 2014 and 2019 can apply to receive compensation from over $40 million in forfeited assets.
Claims must be submitted by June 30, 2026. The scheme affected around 3.5 million victims globally. Founder Ruja Ignatova remains a fugitive, while Karl Sebastian Greenwood has been apprehended and sentenced for the fraud.
1. Why did Bitcoin ETFs see $291 million outflows?
Outflows were mainly driven by large withdrawals from funds like FBTC, indicating short-term institutional profit booking or repositioning.
2. How is XRP expanding in Japan?
XRP is being integrated into Rakuten’s ecosystem, enabling payments across 5 million merchants and the conversion of loyalty points.
3. What does Strategy’s $1B Bitcoin purchase indicate?
It reflects continued long-term institutional confidence, with Strategy now holding 780,897 BTC worth over $59B.
4. Why did the RAVE token surge 6000%?
Strong demand, rapid market cap growth to $2B, and high trading activity drove the sharp rally.
5. What impact does Sei’s v6.4 upgrade have?
It shifts the network toward an EVM focus, requiring users to migrate IBC assets to avoid liquidity risks.
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