Bitcoin ETFs recorded a net outflow of $159.05 million, signaling short-term institutional caution despite cumulative inflows remaining above $56 billion
Morgan Stanley is set to launch its Bitcoin ETF with a competitive 0.14% fee, marking a major step in institutional adoption of digital assets
Ethereum’s stablecoin supply hit a record $180 billion, highlighting growing real-world use cases and dominance in tokenized finance
The Cryptocurrency markets witness major developments coming from the new BTC ETF launch, Bitcoin Outflows to ARK Invest buying more stakes in Robinhood, and the supply of Stablecoins on the Ethereum network reaching an all-time high.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $159.05 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was Valkyrie's ETF BRRR, with a daily net inflow of $2.32 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of $47.85 million.
The total net asset value of Bitcoin Spot ETFs is $88.71 billion, with an ETF net asset ratio of 6.39%. The historical cumulative net inflow has reached $56.27 billion.
Morgan Stanley is set to launch the Morgan Stanley Bitcoin Trust, the first spot bitcoin ETF from a major US bank, on NYSE Arca under the ticker MSBT as early as Wednesday.
The fund will hold actual Bitcoin, use BNY and Coinbase Custody for storage, and charge a 0.14% annual fee, less than BlackRock’s iShares Bitcoin Trust and most rivals.
The new ETF extends Morgan Stanley’s digital-asset push and is expected to reinforce the growing institutionalization of Bitcoin.
The fund will launch with around $1 million in seed and 50,000 shares for trading.
Also Read: Bitcoin Price Rebounds to $70,000 Following Global Market Relief
XRP surged to $1.38 with a 4.66% increase amid a two-week ceasefire in the US-Iran conflict.
Price broke through the $1.325-$1.33 zone, the resistance level that had rejected XRP three times over the past week.
The $1.3354 has flipped from resistance to support. RSI at 68.10 with the signal line at 65.28, both rising, shows momentum building.
Over the past 30 days, long liquidations on Binance reached $39.8 million against $19.7 million in short liquidations, according to data from CryptoQuant.
Also Read: XRP News Today: XRP Holders Record Biggest Paper Losses Since FTX-Era Market Collapse
According to Token Terminal, the on-chain value of stablecoins on the Ethereum network reached an all-time high of $180 billion.
Ethereum holds over 60% of the stablecoin supply, which has increased 150% in the last three years.
Standard Chartered predicted that over $1 trillion may exit banks and flow into stablecoins by 2028. Ethereum has been the dominant network for stablecoins and tokenized real-world assets (RWAs).
The major financial institutions, such as BlackRock, JPMorgan, and Amundi, launched tokenized funds on the network as the total stablecoin supply across all networks reached a record $315 billion in the first quarter.
The world’s largest asset manager, BlackRock, witnessed a sharp decline in the value of its on-chain cryptocurrency portfolio in Q1 2026, as falling prices offset continued Bitcoin (BTC) accumulation.
Between January 1 and March 31, 2026, the combined value of BlackRock’s Bitcoin and Ethereum holdings dropped from $78.36 billion to $57.89 billion, representing a $20.47 billion or 26.12% decline.
The decline was primarily driven by market conditions rather than capital exiting the portfolio, with Bitcoin holdings increasing over the period while Ethereum exposure contracted.
Cathie Wood's ARK Invest increased its stake in Robinhood, buying around $13 million in shares after it was selected to operate government-backed “Trump Accounts” for youth savings and investment.
ARK Innovation ETF (ARKK) led the charge, purchasing 132,116 HOOD shares. Additional buying came from the ARK Next Generation Internet ETF (ARKW), which added 33,607 shares, and the ARK Fintech Innovation ETF (ARKF), which picked up 16,918 shares.
The US Treasury said those who are born between Jan 1, 2025, and Dec 31, 2028, will receive $1000 into these accounts.