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Bitcoin spot ETFs attracted over $623 million in weekly inflows, pushing total historical inflows to over $59 billion
SUI surged more than 30% in a week as trading volume crossed $4 billion, supported by institutional staking activity
Dubai's advanced crypto payment infrastructure through Crypto.com’s new license
The cryptocurrency saw major developments as Bitcoin ETFs received over $623 million in inflows last week, while the SUI token increased over 30%, and Dubai expanded its crypto payment infrastructure. The digital asset market witnessed positive sentiment as institutional inflows, decentralized finance (DeFi) systems expanded, and organizations built up their treasury holdings.
According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $623 million last week. The Bitcoin spot ETF with the largest net inflow last week was BlackRock ETF IBIT, with a weekly net inflow of $596 million.
The second largest was Ark & 21Shares ETF (ARKB), with a weekly net inflow of $53.09 million, and the total historical net inflow of ARKB is currently $1.71 billion.
The Bitcoin spot ETF with the largest net outflow last week was Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $62.28 million.
The total net asset value of Bitcoin spot ETFs is $106.61 billion, the ETF net asset ratio is 6.67%, and the total historical net inflow has reached $59.34 billion.
The native token of the Sui network surged over 30% last week due to institutional activity, ecosystem developments, and growing optimism around blockchain payments.
SUI climbed from around $0.94 on May 4 to approximately $1.41 by Sunday, while daily trading volume jumped from $213 million to over $4 billion during the same period.
The rally was fueled by the full staking of more than 108 million SUI tokens by Nasdaq-listed SUI Group Holdings, new payment and stablecoin partnerships announced at Consensus 2026, and upcoming features like zero-fee stablecoin transfers and private transactions.
Interest in the ecosystem also increased due to the expansion of Sui’s prediction market platform, DeepBook Predict.
France-listed Bitcoin treasury company Capital B raised $17.8 million from strategic investors, including Blockstream CEO Adam Back and Paris-based asset manager TOBAM, as it seeks to expand its BTC treasury.
The new capital was raised through a private placement of shares, with four share subscription warrants attached to each share at a fixed price of $0.78.
The company said the proceeds, together with ongoing operations, could allow it to acquire another 182 Bitcoin, potentially lifting its total holdings to 3,125 BTC.
If all warrants issued in connection with the transaction were exercised, Capital B could raise an additional $116.5 million through the issuance of about 92 million additional shares, wrote Alexandre Laizet, the board director of Bitcoin strategy at Capital B.
Also Read: Bitcoin Price Holds Above $80,000 Amid Strong ETF Demand
Crypto.com secured a Stored Value Facilities (SVF) license from the Central Bank of the United Arab Emirates.
The approval allows residents in Dubai to pay government service fees using cryptocurrencies through Crypto.com’s platform, while the actual settlements are processed in UAE dirhams or dirham-backed stablecoins that have been approved under the country’s SVF framework.
The authorization applies specifically to Crypto.com’s Dubai-based entity, Foris DAX Middle East FZE, and enables the company to move forward with its partnership with Dubai’s Department of Finance.
The move expands Crypto.com’s regulatory presence in the UAE alongside its existing VARA license.
Michael Saylor posted that Strategy acquired an additional 535 Bitcoin before May 10, with a total value of approximately $43 million and an average purchase price of about $80,340.
Saylor stated that Strategy’s BTC yield for 2026 to date has reached 9.4%.
As of May 10, 2026, Strategy holds a total of 818,869 $BTC, with a total acquisition cost of approximately $61.86 billion and an average holding cost of about $75,540.
Also Read: Ethereum Rejected at $2.4K: Is More Downside Coming?
Galaxy, led by Novogratz, and Sharplink, an Ethereum treasury company, have announced a partnership to launch the 'Galaxy Sharplink Onchain Yield Fund,' with a total size of $125 million, expected to officially commence operations within several weeks.
Of this, $100 million comes from Sharplink’s Ethereum treasury, and $25 million is contributed by Galaxy’s proprietary capital.
Galaxy serves as the fund’s exclusive manager, responsible for protocol selection, position management, and risk control.
The fund will focus primarily on active $DeFi strategies such as lending and liquidity provision, targeting an annualized return of over 10%.
1. Why did Bitcoin ETFs witness strong inflows last week?
Bitcoin ETFs recorded over $623 million in inflows due to growing institutional interest and improving sentiment toward digital assets. BlackRock’s IBIT alone contributed nearly $596 million in weekly inflows.
2. What caused the sharp rally in the SUI token?
SUI surged over 30% due to institutional staking activity, rising blockchain payment optimism, and new ecosystem developments, including zero-fee stablecoin transfers and private transaction features.
3. How is Dubai expanding cryptocurrency adoption?
Dubai now allows residents to pay government service fees using cryptocurrencies through Crypto.com’s regulated payment infrastructure approved by the UAE Central Bank.
4. Why are companies increasing Bitcoin treasury holdings?
Companies view Bitcoin as a long-term treasury reserve asset and inflation hedge. Firms like Strategy and Capital B are continuing aggressive BTC accumulation strategies.
5. What is the Galaxy Sharplink Onchain Yield Fund?
The $125 million fund launched by Galaxy and Sharplink focuses on active DeFi strategies, including lending and liquidity provision, targeting annualized yields above 10% through Ethereum-based opportunities.
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