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Overview:
Bitcoin spot ETFs saw $107.80 million in net inflows, with BlackRock’s IBIT leading the day at $80.82 million.
XRP whale wallets holding at least 1 million tokens bought 70 million XRP between July 9 and July 15.
Stablecoin banking platform Flex raised $70 million to expand cross-border banking services.
The crypto market witnessed major development as Bitcoin spot ETFs reported $107.80 million in net inflows, while XRP whales picked up 70 million tokens. Volvo did a test of an internal blockchain-based cryptocurrency setup and Flex raised $70 million aimed at stablecoin banking expansion.
According to SoSoValue, the Bitcoin spot ETFs saw a total net inflow of $107.80 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $80.82 million, and the total historical net inflow of IBIT currently stands at $60.32 billion.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of $16.94 million, and the total historical net inflow of FBTC currently stands at $9.94 billion.
The total net asset value of Bitcoin Spot ETFs is $78.47 billion, with an ETF net asset ratio of 6.02%. The historical cumulative net inflow has reached $51.14 billion.
XRP whale wallets holding at least 1 million tokens have been on a buying spree over the past seven days, despite a renewed XRP sell-off from United States spot ETF issuers.
Whales accumulated 70 million tokens between July 9 and 15, according to data from Santiment shared by Ali Martinez on July 16.
Having purchased XRP valued at over $77 million at press time, XRP whales held approximately 3.8 billion tokens, valued at approximately $4.18 billion.
The XRP whales’ accumulation has occurred amid rising bullish sentiment. Technically, XRP could be forming a potential reversal pattern, characterized by an inverse head and shoulders.
Also Read: Will XRP Crash 50%? Key Risks Every Ripple Investor Should Know
Volvo Group has tested a proprietary cryptocurrency as part of an internal blockchain project designed to simplify transactions between the company and its suppliers.
Ivan Branco, Head of Information Management, AI and Analytics at Volvo Group, discussed the project in a recent Cardano Foundation interview. The experiment focused on a closed environment connecting Volvo with material and transport suppliers rather than creating a publicly traded cryptocurrency.
Branco said Volvo explored whether blockchain could create a shared transaction system for material suppliers, logistics providers and the company itself.
“We have done explorations also with certain transport suppliers” to create an enclosed blockchain environment, Branco said.
According to Forbes, Flex, a California-based fintech company, raised $70 million in its Series B1 funding round led by Halo Fund to further expand its business.
Flex Global is its stablecoin-based cross-border banking platform, offering multi-currency accounts supporting 32 currencies across 170 countries and regions.
Flex’s core customers have annual revenues ranging from $3 million to $200 million, primarily concentrated in the construction, wholesale, and import/export industries.
CoinGecko released its Q2 2026 Crypto Market Report, stating that the total cryptocurrency market capitalization declined by 12.6% in Q2, reaching $2.1 trillion by the end of June. The stablecoin market capitalization fell by 1.6% to $30.51 billion, the first quarterly decline since Q3 2023.
Nominal trading volume is projected to rise 48.7% quarter-on-quarter to $113.8 billion. CEX spot trading volume dropped 27.9% to $1.95 trillion, hitting a monthly low of $620 billion in May. CEX perpetual contract trading volume declined 10.0% quarter-on-quarter to $12.7 trillion.
Also Read: Ethereum Price Prediction: ETH Breaks Key Resistance, Eyes $2,220 Next
1. How much inflow did Bitcoin spot ETFs record?
Bitcoin spot ETFs recorded total net inflows of $107.80 million. BlackRock’s IBIT led with $80.82 million, while Fidelity’s FBTC followed with $16.94 million.
2. How much XRP did whales buy?
XRP whales accumulated 70 million tokens between July 9 and July 15. Wallets holding at least 1 million XRP now hold around 3.8 billion tokens.
3. What is Volvo’s cryptocurrency project?
Volvo tested a proprietary cryptocurrency in a closed blockchain environment. The project focused on simplifying transactions between Volvo, material suppliers and transport suppliers.
4. How much funding did Flex raise?
Flex raised $70 million in a Series B1 funding round led by Halo Fund. The company plans to expand its stablecoin-based cross-border banking platform.
5. What did CoinGecko report for Q2 2026?
CoinGecko said total crypto market capitalisation fell 12.6% in Q2 to $2.1 trillion. CEX spot trading volume also declined 27.9% to $1.95 trillion.
