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Bitcoin spot ETFs saw $519.19 million in net outflows, led by BlackRock’s IBIT with $388.64 million in daily withdrawals
Ethereum’s Coinbase Premium fell to nearly -0.16, its lowest level since February 2026, signaling weaker US buying pressure
Zcash gained over 13% in 24 hours as shielded supply reached a record 5.1 million ZEC and network hashrate hit 16.3 GH/s
The crypto market saw major developments as Bitcoin spot ETFs recorded $519.19 million in net outflows, while Ethereum’s Coinbase Premium fell to its lowest level since February 2026 and TesseraDAO suffered a $2.5 million exploit.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $519.19 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley's ETF MSBT, with a daily net inflow of $14.77 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of $388.64 million.
The total net asset value of Bitcoin Spot ETFs is $85 billion, with an ETF net asset ratio of 6.28%. The historical cumulative net inflow has reached $54.66 billion.
The Ethereum Coinbase Premium fell to approximately -0.16, marking its lowest point since February 2026. This coincides with ETH losing the psychological $2,000 level.
The index measures the asset’s price difference between the Coinbase and Binance platforms.
Arab Chain reported that a negative value in this metric indicates that buying pressure from US investors is weaker than global liquidity.
Currently, the price sits at $1,871.43 after being rejected from the $2,300 to $2,350 resistance zone last month. Report analysts suggest that this behavior reflects a structural absence of US institutional demand during the first half of the year.
In the last 24 hours, it was reported that TesseraDAO suffered a security exploit on the BNB Chain network, resulting in the loss of $2.5 million.
The incident occurred after a breach in the ownership access of the smart contract. The report from the blockchain security firm Specter indicates that the hacker managed to exploit the protocol’s permissions to issue a large amount of assets without prior authorization.
The firm reported that the attacker generated a total of 99 million TSR tokens. Immediately after minting, the assets were dumped onto the open market, causing an instant imbalance in the automated liquidity pools.
According to on-chain monitors, the price of TSR experienced a 99% collapse in value following the execution of the massive sale.
Also Read: Bitcoin News Today: Fear Gauge Jumps As BTC Selloff Tests $65,000 Support
DefiLlama data shows that the monthly fund inflow for Digital Asset Treasury Companies (DAT) in May dropped to $180 million, the lowest level since October 2024.
The total amount in May decreased by 95% from $4.4 billion in April, and by approximately 93% from the monthly average from January to May.
Previously, March and April were $4.2 billion and $4.4 billion, respectively. Bitcoin treasury companies accounted for 98% of the total inflow in May (approximately $177 million), but this was also a significant decrease from $3.8 billion in April.
Non-Bitcoin reserve assets contributed minimally, with small inflows for Zcash, Story, and Sui, while Litecoin recorded an outflow of $1.89 million.
Zcash (ZEC) has surged over 13% in the past 24 hours to approximately $618, defying the broader market downturn.
The rise is driven by Zcash's shielded supply reaching a record high of about 5.1 million ZEC, with most held in the Orchard pool.
This increase aligns with Multicoin Capital's strategy of using Zcash as a privacy hedge. Additionally, the Zcash network hashrate hit an all-time high of 16.3 GH/s, indicating strong miner commitment.
On the Hyperliquid exchange, ZEC is experiencing net buying pressure, contrasting with net selling in other major assets.
Also Read: ETH Outlook 2026: Can Ethereum Recover After Dropping Under $2,000?
1. How much money flowed out of Bitcoin spot ETFs?
According to SoSoValue, Bitcoin spot ETFs saw total net outflows of $519.19 million. BlackRock’s IBIT recorded the largest daily outflow at $388.64 million.
2. Why is Ethereum’s Coinbase Premium important?
The Coinbase Premium compares ETH prices on Coinbase and Binance. A negative reading suggests weaker US buying demand compared with global liquidity, which can pressure Ethereum price sentiment.
3. What happened to TesseraDAO?
TesseraDAO suffered a $2.5 million exploit on BNB Chain after ownership access of its smart contract was breached. The attacker reportedly minted 99 million TSR tokens and dumped them into liquidity pools.
4. Why did TSR token crash 99%?
TSR collapsed after the attacker created and sold a large number of unauthorized tokens. The sudden dump caused a major imbalance in automated liquidity pools, leading to a near-total price crash.
5. Why did Zcash rise despite market weakness?
Zcash rallied over 13% as its shielded supply reached a record 5.1 million ZEC and network hashrate hit an all-time high. Strong net buying pressure on Hyperliquid also supported the move.
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