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Bitcoin spot ETFs witnessed net outflows of $82.16 million, with ARKB leading withdrawals
CME Group plans to sue the CFTC over its approval of perpetual futures, arguing such products should be regulated as swaps under the Dodd-Frank Act
XRP fell more than 4%, losing the crucial $1.20 support level as heavy selling pressure pushed the token toward the $1.18 support zone
The crypto markets witnessed major developments as Bitcoin spot ETFs saw $82.16 million in outflows, while XRP slipped below the key $1.20 support. CME Group is suing CFTC for approving perpetual futures, and Fidelity rolled out a new reserve fund for stablecoin issuers.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $82.16 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Fidelity's ETF FBTC, with a daily net inflow of $14.02 million, and the total historical net inflow of FBTC currently stands at $10.46 billion.
The second highest was Morgan Stanley's ETF MSBT, with a daily net inflo21Shares ETFion. The Bitcoin Spot ETF with the highest net outflow yesterday was Ark Invest and 21Shares ETF ARKB, with a daily net outflow of $43.53 million.
The total net asset value of Bitcoin Spot ETFs is $80.66 billion, with an ETF net asset ratio of 6.25%. The historical cumulative net inflow has reached $53.49 billion.
Data published by the on-chain analytics platform CryptoQuant reveals that nearly half of the circulating stablecoin supply has remained inactive on cryptocurrency exchanges for over a year.
Since December 2024, the Exchange Supply Ratio has remained stable within a narrow range of 0.40 to 0.46. This means that between 40% and 46% of all circulating stablecoins are parked in exchange accounts.
According to CryptoQuant’s report, the liquidity structure is virtually unchanged over the past 18 months, a period marked by sharp price swings in the sector’s main assets.
'Liquidity remains abundant but highly selective,' noted CryptoQuant analysts in their technical document.
Also Read: Why Bitcoin is Falling: Key Drivers Behind the Sell-Off and 2026 Recovery Outlook
The CME Group has said that it will sue the Commodity Futures Trading Commission (CFTC) over its decision to approve perpetual futures in the US.
CEO Terrence Duffy told CNBC on Wednesday that the firm plans to file the lawsuit on Thursday, saying its case will be based on the argument that perpetual futures are swaps under the Dodd-Frank Act.
“We have an exclusive license with every single provider of the benchmarks. So all of these would have to go through CME regardless of the perpetual,” said Duffy.
Perpetual futures are contracts that do not have an expiration date and allow traders to speculate on an asset’s price without directly owning it.
XRP's rally toward $1.25 was stalled after the token lost the $1.20 level and is now trying to stabilize near $1.18.
Selling intensified when volume surged to 128.7 million XRP, more than double normal levels, breaking support at $1.20.
The loss of $1.20 is the key development. That level had acted as support after XRP's breakout above $1.14 and $1.18 earlier in the week.
The $1.1750-$1.1850 zone is now the immediate support after absorbing the latest selloff.
Fidelity Investments has launched a money market fund aimed at stablecoin issuers and institutional investors seeking to meet reserve requirements under the GENIUS Act.
On Thursday, Fidelity said that the new Fidelity Reserves Digital Fund will invest in cash, short-term US Treasury securities, overnight repurchase agreements backed by Treasuries, and government money market funds that qualify under the federal stablecoin framework.
The launch places Fidelity among a growing group of traditional financial firms offering products tailored to stablecoin reserve management.
State Street introduced a similar product this week through its State Street Stablecoin Reserves Money Market Fund, which was also designed for issuers operating under the GENIUS Act.
Also Read: What if the CLARITY Act Fails? Three Scenarios Explained
1. Why did Bitcoin ETFs record net outflows?
Bitcoin spot ETFs saw $82.16 million in net outflows as investors booked profits and reduced exposure amid broader crypto market weakness. ARKB recorded the largest withdrawal.
2. Why is CME Group suing the CFTC?
CME Group argues that perpetual futures qualify as swaps under the Dodd-Frank Act and believes the CFTC should not have approved them without following the appropriate regulatory framework.
3. Why did XRP fall below $1.20?
XRP came under heavy selling pressure after failing to sustain its rally toward $1.25. Higher-than-normal trading volume broke the $1.20 support, shifting focus to the $1.1750–$1.1850 range.
4. What does CryptoQuant mean by idle stablecoin liquidity
CryptoQuant found that around 40%–46% of circulating stablecoins have remained on exchanges for more than a year, indicating abundant liquidity that has yet to be deployed into the market.
5. What is Fidelity's new stablecoin reserve fund?
Fidelity's new Digital Fund is designed for stablecoin issuers and institutional investors, investing in cash, short-term US Treasuries, and government-backed money market instruments to meet reserve requirements under the GENIUS Act.
