Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

July 3, 2025

Bitcoin exchange-traded funds (ETFs) dominated institutional flows, with a massive $407.78 million in daily net inflows on July 2, bringing cumulative inflows to $49.04 billion.

In contrast, Ethereum ETFs faced modest $1.8 million outflows, according to data from SosoValue.

The stark difference resulted from Bitcoin’s continued institutional appeal as BTC reached weekly highs of $109,000 on July 2, positioning it for potential breakouts toward $112,000 targets.

Fidelity’s FBTC led Bitcoin ETF inflows with $183.96 million, followed by ARK21Shares’ ARKB at $83 million and Bitwise’s BITB contributing $64.94 million.

BlackRock’s IBIT, despite recording zero inflows on the day, maintains its dominant position with $76.31 billion in net assets and $52.42 billion in cumulative inflows since launch.

The performance disparity between Bitcoin and Ethereum ETFs followed the broader market trend, as Bitcoin maintains psychological support above the $100,000 level defended since early May.

Total Bitcoin ETF assets under management reached $136.68 billion, representing 6.30% of Bitcoin’s total market capitalization. This indicates a significant level of institutional adoption.

Trading volumes also surged to $5.22 billion across Bitcoin ETFs, with IBIT alone generating $4.08 billion in daily trading activity.

Institutional Momentum Drives Record Bitcoin ETF Adoption

Bitcoin ETF inflows demonstrate sustained institutional conviction, despite broader market volatility, with the latest inflows representing the continuation of aggressive accumulation patterns seen so far in 2025.

Particularly, Fidelity’s FBTC leadership, with $183.96 million in inflows, resulted from the growing competition among major asset managers for Bitcoin market share, following BlackRock’s early dominance.

The growing competition has led to a broad-based institutional adoption, rather than concentrated buying from a single entity.

Interestingly, corporate treasury strategies are increasingly embracing ETF structures over direct ownership of Bitcoin.

Design giant, Figma, recently revealed in its IPO filing that it has $69.5 million in Bitcoin ETF holdings, plus $30 million earmarked for future cryptocurrency investments.

This pattern is becoming increasingly adopted, and public companies that can’t hold directly prefer regulated exposure through established financial products.

Regionally, European expansion is also accelerating through structured products, such as the recent UniCredit’s Bitcoin ETF certificate, designed for Italian professional clients. The five-year instrument offers capital protection with 85% upside participation.

Moreover, the regulatory landscape continues to evolve favorably with the SEC’s July 1 guidance streamlining token-based ETF approvals and enabling a 75-day review process.

The new guidance establishes clearer pathways for crypto ETF approvals by implementing standardized disclosure frameworks that encompass custody practices, conflicts of interest, and creation and redemption mechanisms.

Ethereum ETFs Face Headwinds Despite Previous Momentum

Ethereum ETFs experienced modest $1.8 million outflows on July 2, contrasting sharply with their previous dominance, as they had recorded $240.29 million in daily inflows during June, surpassing Bitcoin ETFs’ performance at that time.

The June surge represented the strongest performance of Ethereum ETFs in four months, coinciding with ETH climbing above $2,800 for the first time since February.

BlackRock’s ETHA led that momentum with $163.6 million in single-day inflows, maintaining a 23-day streak without outflows while managing over 1.55 million ETH valued at $4.23 billion.

Current outflows may result from profit-taking following Ethereum’s technical breakout above multi-year descending trendlines.

The asset completed an inverse head-and-shoulders pattern with projected targets around $3,300, but recent rejection from $2,834 highs suggests consolidation phases before continued advances.

Ethereum staking also reached an all-time high of 34.65 million ETH locked on the Beacon Chain, representing nearly 29% of the circulating supply.

Long-term holders are holding on through staking despite short-term ETF flow volatility. They’re prioritizing yield generation over immediate liquidity.

Regulatory developments further support the growth of multi-asset crypto ETFs, as seen in Grayscale’s Digital Large Cap Fund conversion, which holds Bitcoin (79.9%), Ethereum (11.3%), and also XRP, Solana, and Cardano.

Similarly, the REX Osprey Solana Staking ETF was launched on Wednesday as the first US-listed fund to incorporate crypto staking.

This regulatory development could enable similar Ethereum staking products that combine institutional access with yield generation.

Sportswear giant Nike is reportedly facing a lawsuit following the closure of its non-fungible token (NFT) business.

In 2021, Nike purchased RTFKT Studios, a collectibles firm known for creating viral sneaker designs, memes and other fashionable digital collectibles as it ventured into the metaverse, but the company shut down the project in December.

Reuters reports that investors of Nike-themed NFTs and other crypto assets led by Australian resident Jagdeep Cheema filed a suit on Friday, claiming that they suffered significant losses as demand for their digital collectibles dropped following the announcement that RTFKT was winding down its operations.

The investors say that they would not have bought the NFTs had they known that the tokens were unregistered securities. To date, the legal status of NFTs is not yet settled, and several lawsuits involve questions on whether or not these assets should be considered as securities. 

The suit also accuses Nike of orchestrating a “rug pull”, or the sudden abandonment of a project that leaves investors with worthless assets.

The plaintiffs are seeking more than $5 million in damages for the alleged violation of consumer laws in New York, California, Florida and Oregon.

Nike has not yet issued a statement regarding the lawsuit.

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Chainlink (LINK) cryptocurrency has witnessed significant token flows off exchanges just recently. Over $120 million of LINK tokens have been taken off trading platforms within the last 30 days, reports blockchain analysis company IntoTheBlock.

Related Reading

Investors Take LINK To Cold Storage

The huge outflow indicates a change in investor sentiment. This trend usually indicates holders moving their funds to private wallets for long-term storage instead of getting ready to sell. When exchange supply declines, prices may increase if demand remains firm or grows.

Whereas most investors now seem to be buying LINK, the market also continues to have occasional whale selling. Such gigantic trades serve to keep liquidity active in the Chainlink economy while striking a balance between selling activity and withdrawals.

Keep an eye on altcoin exchange flows$LINK has seen consistent outflows from exchanges over the past month, hinting at ongoing accumulation. In total, net outflows surpass $120 million worth of LINK in the last 30 days. pic.twitter.com/XbU4qsGuWd

— IntoTheBlock (@intotheblock) April 22, 2025

Price Pushes Past Key Threshold

LINK’s price recently pierced through the $12.50 support level that has defined its pattern movements earlier this year. As per CoinMarketCap statistics, Chainlink currently trades at $14.45, 14% higher in the last week, and has a total market value of nearly $10 billion.

Some experts think LINK may hit $26 by December. Such projections, however, are highly dependent on the performance of Bitcoin. Traditionally, when Bitcoin goes up, other cryptocurrencies such as Chainlink follow suit. Any weakness in the overall crypto market may slow down the upward movement of LINK.

Contrary to the overall optimistic perspective, certain technical indicators predict a possible 28% decline to $10 on May 24, 2025. Present sentiment gauges reflect ambivalence—technical analysis indicates a “Neutral” stance while the Fear & Greed Index measures 64, reflecting “Greed.”

Partnerships And Integrations Grow

Under the hood, Chainlink is steadily expanding its partnership network. On April 21, 2025, the Digital Chamber revealed Chainlink Labs had joined its Executive Committee, placing the project closer to regulatory deliberations and policy-making.

A day later, blockchain platform Monad disclosed that Chainlink tools would be supportable on its mainnet from day one. This support covers Chainlink data feeds and cross-chain capabilities.

Chainlink is also collaborating with the large financial institutions like Swift, DTCC, and Fidelity. These partnerships, in addition to integrations on bases like Aave and Lido, demonstrate the project is emphasizing core development over market performance.

Related Reading

Push Into Real-World Asset Tokenization

Chainlink has lately ventured into tokenized real-world assets (RWAs). According to March reports, Chainlink collaborated with Abu Dhabi Global Market (ADGM) to further tokenization initiatives.

Meanwhile, statistics indicate LINK had 16 green days in the last 30, which is 50% positive price movement days. Price movements have been as high as 8.40% during the same period.

Featured image from Unsplash, chart from TradingView

According to James Butterfill, Head of Research at CoinShares, This new trend comes in the wake of several key economic events in the US, including hawkish comments from US Federal Reserve Chair Jerome Powell and higher-than-expected inflation data, which may have influenced investor sentiment.

Butterfill particularly wrote:

We believe these outflows were triggered by the Congressional meeting with Fed Chair Jerome Powell, who signalled a more hawkish monetary policy stance, coupled with US inflation data exceeding expectations.

Detailing The Fund Flows

CoinShares report showed that Bitcoin, which has been “highly sensitive” to interest rate forecasts, bore the brunt of these recent outflows seeing roughly $430 million in outflows.

Notably, there were no significant inflows into short-Bitcoin products, suggesting that investors were not pivoting to bearish positions but rather stepping back from the market altogether. This indicates a cautious approach among investors as they weigh potential future rate hikes and inflation pressures.

While Bitcoin faced heavy outflows, other assets managed to attract inflows. Solana led the way with $8.9 million, followed closely by XRP and Sui, which saw $8.5 million and $6 million respectively.

Blockchain equities also showed resilience, recording $20.8 million in inflows, bringing year-to-date totals to $220 million. Meanwhile, most of the outflows were concentrated in the United States, totaling $464 million, while countries such as Germany, Switzerland, and Canada reported inflows.

Crypto Market Performance

Despite this negative fund flow performance from the crypto market last week, this week although still fresh doesn’t appear to want to be any different so far. In the early hours of Monday, Bitcoin saw a brief dip to $95,000 levels after falling below the $96,000 price mark.

At the time of writing, the asset currently trades at $96,451 marking not only a 0.3% decline in the past day but 11.4% decrease away from its all-time high above $109,000, registered in January.

Notably, this decrease in Bitcoin’s price just today alone has resulted in over $4 billion removed from the global crypto market cap valuation. As of now, the overall crypto market valuation sits at $3.34 trillion marking a 2% plunge in the past day.

Interestingly, amid this bearish sentiment, Ethereum has bucked the trend with the asset seeing a positive performance. Over the past day, ETH is in green rising by 3.8% to a current trading price of $2,790.

When zoomed out, it is seen that this positive performance from ETH has been quite gradual erasing the negative performances from the asset in recent weeks.

Featured image created with DALL-E, Chart from TradingView

Plus: The latest Satoshi Nakamoto theory

GM. Fruit stands and crypto markets have one thing in common: if you don’t pick the right thing, you’re stuck with something sour. Luckily, we’ve sorted it for you.

Yet another presidential rug pull.

News drops: new Satoshi theory, US states stacking Strategy shares + more

Market flavor today

Bitcoin spent the weekend between $96K and $99K, leaving investors in an awkward mood – not panicking, but not throwing parties either.

That said, even though the price hasn’t made any dramatic moves, some stuff’s been going on behind the scenes that suggests investors are still buying up BTC instead of selling it off.

One way analysts measure this is through the 30-day moving average (30DMA) exchange inflow/outflow ratio, which basically tracks the amount of Bitcoin going onto exchanges versus the amount being withdrawn.

In plain English:

• If people send a bunch of Bitcoin to exchanges, they’re prolly gonna sell;

• If they pull Bitcoin off exchanges into private wallets, they likely plan to hodl.

Right now, CryptoQuant contributor pointed out that this ratio is below 1, meaning more Bitcoin is leaving exchanges than going in = less BTC available to sell = potential price increase.

And demand? Oh, it’s there.

Since the last Bitcoin halving, about 137K new BTC have been mined – but the big dawgs have bought way more:

• MicroStrategy: ~257K BTC;

• BlackRock’s IBIT: ~311K BTC;

• MARA: ~28K BTC;

• RIOT: ~8K BTC;

• Metaplanet: just bought another 269 BTC, total now at 2K BTC;

• Nation states like UAE (rumored): ~400K BTC.

Mark Moss put it simply – these institutions are yanking BTC out of circulation and stuffing it into “deep dark cold storage” where it might never move again.

And since their buying far outpaces the amount of new BTC being mined, that could create supply pressure = potential price increase.

Plus, Jeff Park from Bitwise Asset Management is saying the world is a hot mess right now – tariffs, debt ceiling drama, deglobalization, you name it. But despite all that, Bitcoin’s volatility is at its lowest point all year.

Translation: normally, when the world is on fire, Bitcoin is all over the place. But right now? It’s the chill guy.

And Park sees this as a rare opportunity – because if Bitcoin stays steady while everything else goes nuts, people might be really underestimating its strength.

So yeah, BTC is chilling… but don’t sleep on it.

Memecoin harvest

These coins pumped harder than your gym bro on pre-workout. Absolutely juiced.

Data as of 06:45 AM EST.

Check out these memecoins and plenty more here.

For the first (and probably last) time in history, astrology girls and crypto bros actually have a common topic: Libra.

If they ever actually talked about it, neither would have a clue what the other was saying – but ironically, both would agree it sounds unbelievable.

Today, we’re getting into that crypto bro’s side of things.

So, Valentine’s Day. Some of y’all were celebrating love (to someone or to crypto, we don’t judge), some were just hanging out, idk.

Meanwhile, Argentina’s President Javier Milei was busy promoting a project to fund local businesses. Awwh, so he was celebrating his love for the people, right?

This project was a damn memecoin, y’all.

Sounds familiar?..

… ay, maybe this one is different?

Within hours, LIBRA hit a $4.5B market cap.

Then, surprise surprise – insiders started cashing out. 82% of LIBRA was held in a single cluster, according to Bubblemaps, and they dumped $87.4M.

And this gets worse.

When LIBRA first launched, traders could buy and sell it on decentralized exchanges. These exchanges rely on liquidity pools, which are basically pots of tokens that allow people to trade assets without needing a direct buyer or seller.

Normally, these pools contain pairs of tokens to make sure there’s enough money to support trading, like:

What the insiders did, tho’:

1. Instead of adding liquidity to fair LIBRA/USD or LIBRA/SOL pools, they created new pools that ONLY contained LIBRA – meaning there was no actual money behind them.

2. At the same time, they pulled money (USD and SOL) from the existing LIBRA trading pools, draining the available funds that would have allowed other people to sell their LIBRA for real assets.

This way, they were able to cash out without immediately crashing the price, and by the time the market reacted, there was no money left to absorb the sell-off.

The result? A 95% price collapse, as their $87.4M sell-off sucked all the liquidity out, leaving everyone else holding a worthless bag.

TL;DR:

And what did Milei do? He deleted his promo post and wrote this:

Bro really hit us with an “oopsie .”

So, what’s next?

And the plot thickens.

Apparently, LIBRA was launched by the same team behind MELANIA (which we covered here).

Coffeezilla tracked down one of the insiders – Hayden Davis – and got an absolutely unhinged interview.

Some highlights:

All the b*tching on socials is all the people that don’t get into the deals. You’ll never hear them b*tch if you’re in the deal.

Argument of the year fr. Only people who aren’t scammers complain about scammers

So it’s like, what do you do then? You don’t launch the project? How do you make money then?

Hayden, you were SO CLOSE! If it’s financial fraud – yes, you don’t launch the project. Hope this helps

I mean, props for the honesty, but man…

Obviously, this got the crypto community pissed – not just at LIBRA, but at memecoins in general. So, the the peak of the memecoin hype might be behind us for now.

Just imagine explaining this to the pilgrims… What a time to be alive, huh?

News drops

New Satoshi theory alert! Some people now think Jack Dorsey might be the mysterious Bitcoin creator.

Pension funds and state treasuries across 12 US states have apparently been stacking shares of Strategy (formerly MicroStrategy). $330M worth, to be exact.

Not sure where to trade your favorite alts? We’ve put together a guide to help you find the best exchange for the job.

Juicy memes