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Bitcoin spot ETFs saw $95.30 million in net outflows, with Fidelity’s FBTC posting the largest daily outflow at $63.25 million
Bitmine bought 20,500 ETH for around $35.92 million, drawing attention to its growing Ethereum treasury strategy
TRON surpassed 392 million wallet addresses, while its TVL reportedly rose by around $1.95 billion since the start of July
The crypto markets saw major developments as Bitcoin spot ETFs reported $95.30 million in net outflows, while Bitmine expanded its Ethereum treasury with a 20,500 ETH acquisition. TRON crossed 392 million accounts and Zcash confirmed the Ironwood upgrade on July 28.
According to SoSoValue, the Bitcoin spot ETFs saw a total net outflow of $95.30 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was VanEck's HODL ETF, with a daily net inflow of $5.36 million, and the total historical net inflow of HODL currently stands at $1.13 billion.
The second highest was Morgan Stanley's ETF MSBT, with a daily net inflow of $2.17 million, and the total historical net inflow of MSBT currently stands at $377.14 million.
The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of $63.25 million, and the total historical net inflow of FBTC currently stands at $10.15 billion.
The total net asset value of Bitcoin Spot ETFs is $76.51 billion, with an ETF net asset ratio of 6.03%. The historical cumulative net inflow has reached $51.19 billion.
Bitmine Immersion Technologies just bought another 20,500 ETH for around $35.92 million, transacted over-the-counter with Galaxy Digital around July 10, 2026.
At approximately $1,752 per token, the purchase is notable not less for its size and more for what it represents: a company quietly becoming one of the largest single holders of Ethereum globally.
This pushes Bitmine’s total ETH treasury to approximately 5.7 million tokens, worth around $10 billion at current prices.
This figure represents roughly 4.7% to 4.8% of the entire circulating ETH supply of approximately 120.7 million tokens.
Also Read: Bitcoin and Solana ETFs See Net Inflows After Weeks of Investor Outflows
According to data from the TRON blockchain explorer, the network has officially surpassed 392 million wallet addresses created since inception.
DeFiLlama data continues to show that the network remains the preferred destination for moving Tether across the crypto ecosystem, largely thanks to its fast settlement times and extremely low fees.
The blockchain is capable of processing up to 2,000 transactions per second while charging transaction fees of roughly 0.0003 TRX.
Lookonchain reported that TRON’s Total Value Locked (TVL) has increased by approximately $1.95 billion since the start of July, representing a 7.8% gain.
The New Hampshire Executive Council rejected a regulatory proposal on Wednesday to authorize the issuance of Bitcoin-backed bonds worth $100 million. The vote halts the state administration’s attempt to implement this financial instrument in the local market.
The New Hampshire Business Finance Authority (BFA) and Governor Kelly Ayotte promoted the initiative. According to The Boston Globe, the project had previously cleared risk assessments by the rating agency Moody’s.
The opposition within the council was led by Democrat Karen Liot Hill, who was joined in her negative vote by councilors Janet Stevens and David Wheeler.
On the other hand, officials Joseph Kenney and John Stephen voted in favor of approving the legislative measure.
Zcash core developer Sean Bowe said Thursday that the network will activate Ironwood at block height 3,428,143, expected at around 8 am EST on July 28, confirming a one-week delay from the previously planned July 21 rollout.
The confirmation follows earlier concerns raised by Shielded Labs that exchanges, mining pools, and wallet providers might not have enough time to prepare since many were also replacing Zcash’s long-running zcashd software with the new Z3 stack, which includes Zebra, Zaino, and Zallet.
Ironwood was proposed after developers disclosed an ‘infinity’ bug in Zcash’s Orchard shielded pool, the network’s primary privacy-focused transaction system.
Also Read: ETH Price Outlook: Will Ethereum Clear the Key $1,800 Resistance Level?
1. How much outflow did Bitcoin spot ETFs record?
Bitcoin spot ETFs recorded total net outflows of $95.30 million. Fidelity’s FBTC saw the largest outflow at $63.25 million, while VanEck’s HODL led inflows with $5.36 million.
2. How much Ethereum did Bitmine buy?
Bitmine Immersion Technologies acquired 20,500 ETH for around $35.92 million through an over-the-counter transaction with Galaxy Digital. The purchase was made at approximately $1,752 per ETH.
3. Why is TRON’s 392 million account milestone important?
TRON crossing 392 million accounts highlights its growing network activity and user base. The blockchain remains widely used for Tether transfers given the low fees and fast settlement.
4. What happened to New Hampshire’s Bitcoin bond proposal?
The New Hampshire Executive Council rejected a proposal to authorize $100 million worth of Bitcoin-backed bonds. The vote halted the state’s attempt to introduce the financial instrument.
5. When will Zcash activate Ironwood?
Zcash is expected to activate Ironwood at block height 3,428,143 on July 28. The upgrade was delayed by one week to give exchanges, mining pools, and wallet providers more preparation time.
