.png){kind=logo}
Spot Bitcoin ETFs witnessed $68.18 million in net outflows, although ARKB and Fidelity's FBTC continued attracting fresh investor inflows
Strategy bought 520 BTC worth 35 million at an average price of $67,068 per coin
Robinhood announced a 10% workforce reduction following weaker crypto trading revenues
The Crypto markets saw major developments as Bitcoin spot ETFs recorded $68.18 million in net outflows, while Strategy added 520 BTC valued at about $35 million and Strive bought 759 BTC. Meanwhile, Scammers targeted XRP users with reward notifications, and Robinhood is set to cut 10% of its workforce.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $68.18 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a daily net inflow of $64 million.
The second-highest was Fidelity's ETF FBTC, with a daily net inflow of $57.38 million, and the total historical net inflow of FBTC currently stands at $10.52 billion.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of $171.96 million.
The total net asset value of Bitcoin Spot ETFs is $80.22 billion, with an ETF net asset ratio of 6.21%. The historical cumulative net inflow has reached $53.33 billion.
Strategy added more Bitcoin (BTC) to its balance sheet last week while also building up its cash reserves. The company, led by Michael Saylor, sold about 2.7 million shares of its common stock to raise the funds, according to a Monday filing.
The stock sale brought in $335.5 million. Strategy used roughly $35 million of that to buy 520 BTC at an average price of $67,068 per coin.
The remaining $300 million went into the company's cash reserve, bringing that total to $1.4 billion. The new purchase brings Strategy's total Bitcoin holdings to 847,363 BTC.
The company has now spent roughly $64.01 billion acquiring its Bitcoin at an average cost of $75,651 per coin.
Last week, Strive accelerated its Bitcoin accumulation after purchasing 759 BTC for approximately $50 million.
According to a recent filing with the US Securities and Exchange Commission, the Dallas-based Bitcoin treasury company bought the coins at an average price of roughly $65,850 per coin.
The latest purchase increased Strive’s total Bitcoin holdings to 19,864 BTC. Strive’s cash and cash equivalents increased from $141.4 million to $144.5 million.
Additionally, the number of Class A common shares outstanding grew by approximately 1.9 million to reach 71.8 million shares.
Also Read: Can Bitcoin Hit $100K in 2026? 3 Federal Reserve Signals to Watch
On Monday, it was confirmed that an investor lost thousands of assets because of a malicious alert. The incident specifically targeted XRP holders, who now face fraudulent schemes designed to mimic official communication requests from the network.
According to reports from blockchain transaction analysts, hackers distributed a series of deceptive notifications under the guise of a legitimate rewards process.
The affected user transferred their funds to an external wallet after receiving a message that simulated being a payment request verified by the system.
Technical data from the transfer shows that the victim included a text field or “memo” preconfigured by cybercriminals with the phrase “Safe XRPL verify message.”
Robinhood is cutting approximately 10% of its workforce as the retail trading platform moves to streamline operations following a decline in cryptocurrency revenue.
Chief Executive Officer Vlad Tenev informed employees that the company is restructuring to create a leaner organization capable of executing its long-term growth plans more efficiently.
During its first-quarter earnings report, the company disclosed that crypto transaction revenue fell 34% quarter-over-quarter to $134 million, down from $221 million in the previous quarter.
The restructuring is expected to generate approximately $28 million in one-time costs related to severance payments, employee benefits and stock-based compensation.
Also Read: XRP Eyes $27 Target: Bullish Forecasts Grow as Ex-Ripple CTO Boosts Real-World Use Cases
Bitcoin ETFs witnessed $68.18 million in net outflows as investors reduced exposure amid weaker market sentiment. BlackRock's IBIT accounted for the largest withdrawal at $171.96 million, although some funds continued attracting fresh capital.
Strategy views Bitcoin as a long-term treasury reserve asset. After purchasing 520 BTC, the company now owns 847,363 BTC, making it the world's largest corporate Bitcoin holder.
Strive acquired 759 BTC for approximately $50 million, increasing its total holdings to 19,864 BTC as it continues building its Bitcoin treasury strategy.
Hackers are sending fake XRP reward notifications that imitate official XRPL communications. Victims are tricked into transferring funds to fraudulent wallets using deceptive verification messages.
Robinhood is reducing its workforce by 10% after crypto transaction revenue declined 34% quarter-over-quarter, falling from $221 million to $134 million, as the company focuses on improving operational efficiency.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
