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Bitcoin spot ETFs recorded a net inflow of $3.05 million, ending a 13-session outflow streak, BlackRock's IBIT led the gains with $47.66 million in fresh inflows
ZEC plunged more than 39% after developers disclosed a critical vulnerability that existed for over four years
Japan's ruling Liberal Democratic Party proposed a legal framework for crypto ETFs and broader adoption of yen-backed stablecoins
The cryptocurrency market witnessed major developments as Bitcoin witnessed inflows after 13 sessions of outflows. Ethereum spot ETFs also attracted fresh capital, Zcash plunged nearly 40% following the disclosure of a critical security flaw as Japan moved closer to embracing crypto ETFs and yen-backed stablecoins.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of $3.05 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of $47.66 million.
The second highest was Morgan Stanley's ETF MSBT, with a daily net inflow of $9.87 million, and the total historical net inflow of MSBT currently stands at $263.61 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was Ark Invest and 21Shares ' ETF ARKB, with a daily net outflow of $20.72 million.
The total net asset value of Bitcoin Spot ETFs is $80.40 billion, with an ETF net asset ratio of 6.3%. The historical cumulative net inflow has reached $54.27 billion.
Zcash plunged overnight after developers disclosed a critical vulnerability in the protocol's Orchard shielded pool that could have allowed undetectable counterfeiting for over four years.
The privacy coin dropped from Wednesday's top of $635 to an intraday low of $309 on Thursday, according to CoinMarketCap data.
It has since recovered slightly to around $323.73, down 39.4% in the last 24 hours.
"The vulnerability was present from Orchard's activation in May 2022 until the emergency fix was deployed on June 1, 2026," Shielded Labs, the organization behind Zcash development, wrote in a disclosure post.
Japan’s ruling Liberal Democratic Party called on the government to establish a legal framework for cryptocurrency exchange-traded funds and expand the regional use of yen-backed stablecoins.
The proposal was submitted on Monday to Finance Minister Satsuki Katayama by the LDP’s blockchain promotion panel.
Lawmakers said crypto ETFs would offer investors a clearer and more accessible entry point into regulated digital asset markets while helping position cryptocurrencies as a recognized financial investment category in Japan.
The move signals growing political support for broader crypto market integration despite years of caution from Japanese financial regulators.
Sui co-founder Adeniyi Abiodun announced that confidential transfers are coming to the network, using range proofs to shield transaction amounts while leaving supply conservation entirely to the protocol.
The disclosure arrived in a thread on June 5, as Sui outlined a broader push into privacy infrastructure and agent payment tooling amid sustained market weakness.
Confidential transfers on Sui split a hard problem into two separate jobs. Range proofs confirm that a transferred amount is valid without revealing what it actually is, meaning nobody outside the transaction sees the number.
Also Read: Bitcoin Price Today: BTC Price Drops to $62,231 as Crypto Market Faces Heavy Selling
According to SoSoValue, the total net inflow into Ethereum spot ETFs yesterday was $19.30 million.
The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock’s ETF ETHA, which recorded a single-day net inflow of $19.30 million; ETHA’s cumulative historical net inflow has now reached $1.1323 billion.
The total net asset value (NAV) of Ethereum spot ETFs stood at $9.778 billion, with the ETF net asset ratio reaching 4.57%, and the cumulative historical net inflow totaling $11.206 billion.
XRP has fallen 7% to its lowest level in four months, as traders weigh increasing institutional demand against a weak technical setup.
The token's price dropped from $1.2360 to $1.1497, touching lows near $1.14 before a slight recovery.
Despite $20.3 million in weekly inflows into XRP investment products, the market has not responded to bullish developments, with more than 25 million XRP leaving exchanges recently.
Traders are now focusing on the $1.14-$1.15 support zone, with a potential shift toward $1.11 if it breaks lower.
Also Read: Ethereum May Face Additional Downside Before Stabilizing
1. Why did Bitcoin ETFs record inflows after several days of outflows?
Investor sentiment improved slightly after weeks of selling pressure, resulting in fresh capital entering spot Bitcoin ETFs. BlackRock's IBIT accounted for the majority of the day's positive flows.
2. Why did Zcash crash nearly 40%?
Zcash fell sharply after developers disclosed a critical vulnerability in the Orchard shielded pool. The flaw could have theoretically enabled undetectable counterfeiting before it was patched on June 1, 2026.
3. What is Japan proposing for the crypto industry?
Japan's ruling party has proposed creating a legal framework for cryptocurrency ETFs and expanding the use of yen-backed stablecoins. The move aims to make digital assets more accessible to investors.
4. How did Ethereum ETFs perform?
Ethereum spot ETFs recorded a net inflow of $19.3 million. BlackRock's ETHA accounted for the entire inflow and has now accumulated more than $1.13 billion in historical net inflows.
5. Why is XRP trading near four-month lows?
XRP remains under pressure despite institutional inflows of $20.3 million. Traders are focusing on the key support zone between $1.14 and $1.15, with further downside possible if that level breaks.
