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Bitcoin spot ETFs saw $231.10 million in net outflows, with BlackRock’s IBIT recording the largest daily withdrawal at $300.38 million
AAVE climbed 21% in seven days to trade near $91.48
Strategy authorized Bitcoin sales of up to $1.25 billion for cash reserves
The crypto market witnessed major developments as Bitcoin spot ETFs logged $231.10 million in net outflows, while XRP held $1 support and AAVE jumped 21% over seven days. Meanwhile, Solana teamed up with Toss Bank and Strategy authorized Bitcoin sales.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $231.10 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $49.97 million, and the total historical net inflow of ARKB currently stands at $1.21 billion.
The second highest was Grayscale's ETF GBTC, with a daily net inflow of $35.10 million, and the total historical net outflow of GBTC currently stands at $27.11 billion.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of $300.38 million, and the total historical net inflow of IBIT currently stands at $60.47 billion.
The total net asset value of Bitcoin Spot ETFs is $73.19 billion, with an ETF net asset ratio of 6.05%. The historical cumulative net inflow has reached $51.37 billion.
The Solana Foundation and South Korean digital lender Toss Bank have signed a memorandum of understanding to explore blockchain-powered remittance and settlement services.
The agreement establishes a framework for developing a proof-of-concept that could use Solana’s blockchain infrastructure to support faster and lower-cost international payments for Toss Bank’s 15 million customers.
The partnership represents the first direct collaboration between a South Korean internet-only bank and the Solana ecosystem and highlights growing interest among financial institutions in blockchain-based payment infrastructure.
The initial phase of the partnership centers on a proof-of-concept designed to evaluate Solana as a platform for cross-border remittance and settlement services.
Also Read: Bitcoin in 2026: Can the Second Half of the Year Bring a Recovery?
XRP held above $1 and traded marginally higher during the session, while network activity rose sharply and ETF inflows continued.
XRP daily active addresses rose from 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase in two weeks. The activity increased on June 29, when volume reached 86.5 million XRP, around 67% above the 24-hour average.
Open interest across major exchanges fell below 150 million from a 1.3 billion peak and XRP ETFs added $15.34 million in net inflows on June 29.
$1 remains the key support level, while $1.06 is the first short-term resistance level, followed by $1.09-$1.10.
Aave climbed back above the $90 level. The token rose nearly 21% in the last seven days, while at press time, AAVE was up 3.4%, trading at $91.48.
During the rally, AAVE’s market capitalization and 24-hour trading volume surged by 3.4% and 3.66%, respectively, to $1.4 billion and $279.41 million.
The price surge came as Aave founder Stani Kulechov rejected claims tied to a discounted AAVE token sale and said the protocol is working on Aavenomics 3.0, which will include an automated buyback mechanism.
Kulechov rejected claims that the project would sell tokens at a deep discount. He said, “There is NO WAY we’d sell AAVE at a 70% discount lol.”
In a press release and 8-K filing dated June 29, the firm formerly known as MicroStrategy unveiled a “Digital Credit Capital Framework,” a five-part overhaul of how it manages its balance sheet.
This is the first time Strategy’s board has authorized the sale of Bitcoin, up to $1.25 billion to build a cash reserve, plus further sales to cover preferred dividends, interest, and stock buybacks.
Strategy holds 847,363 BTC, bought for about $64.1 billion at an average price near $75,650. With bitcoin trading below $60,000 this week, that stack is worth roughly $50 billion, leaving the company with $13 billion in unrealized loss on paper.
Also Read: Why Bitcoin, Ethereum, XRP, and Dogecoin are Falling: Will July Bring Relief?
1. How much outflow did Bitcoin spot ETFs record?
According to SoSoValue, Bitcoin spot ETFs recorded total net outflows of $231.10 million yesterday. BlackRock’s IBIT saw the largest outflow at $300.38 million.
2. Which Bitcoin ETF saw the highest inflow?
Ark Invest and 21Shares’ ARKB recorded the highest daily inflow at $49.97 million. Its total historical net inflow now stands at $1.21 billion.
3. Why is XRP’s $1 level important?
The $1 level is a key support zone for XRP and has helped stabilize short-term sentiment. The next resistance levels are seen at $1.06 and then $1.09-$1.10.
4. Why did AAVE rise 21% in seven days?
AAVE rallied as the token moved back above $90 and investor attention returned to Aavenomics 3.0. Founder Stani Kulechov also rejected claims of a discounted token sale, saying, “There is NO WAY we’d sell AAVE at a 70% discount lol.”
5. What did Strategy announce about Bitcoin sales?
Strategy authorized Bitcoin sales of up to $1.25 billion to build cash reserves under its Digital Credit Capital Framework.
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