US Eyes More Bitcoin as ETFs Hit 6-Month High

Key Notes The US government may explore Bitcoin purchases under a budget-neutral mandate. Bitcoin ETFs have recorded over $5.7 billion in inflows in May, the best performance since November 2024. Despite record highs, retail investors remain largely inactive, and long-term holders are increasing BTC outflows. David Sacks, the White House’s designated crypto and AI czar, revealed during a fireside chat at the Bitcoin 2025 conference that the US government could explore additional Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B purchases, provided the…

Bitcoin ETFs and stablecoins take center stage in South Korea’s election

Cryptocurrency has emerged as a defining issue in South Korea’s snap presidential election, with candidates vying for support from a growing base of digital asset investors across generations. All three front-runners have rolled out crypto-friendly proposals. These include the legalization of spot Bitcoin (BTC) exchange-traded funds (ETFs) and the easing of banking rules that currently restrict fiat-to-crypto trading to just five platforms. The June 3 vote is slated to come around two years early, triggered by the impeachment of former president Yoon Suk-yeol after his controversial declaration of martial law…

Crypto ETFs Are Booming – But Best Wallet Proves Crypto Wallets Aren’t Just Insurance Policies

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. ARK Invest’s Cathie Wood spilled her insights into crypto ETFs and wallets at the recently concluded Solana Accelerate event in New York. She said that while there can be no doubt the crypto wallet space is…

Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood

ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy no matter how big crypto wallet adoption becomes over the next decade. “I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a button,” Wood said at the Solana Accelerate event in New York on May 23. Wallets remain an insurance policy, says Wood “So ETFs for those who want the convenience, I don’t think, will lose a…

Bitcoin ETFs boast inflows as IBIT closes the gap with GLD

Spot Bitcoin exchange-traded funds, or ETFs, had another strong week as inflows surged to a record level. Investors added $2.7 billion to Bitcoin (BTC) ETFs, the biggest weekly increase since April when they added $3.06 billion. These funds have now had inflows for six consecutive weeks, bringing the cumulative inflows since inception to $44.53 billion. They all hold $131 billion in assets, equivalent to 6.24% of Bitcoin’s valuation. Bitcoin ETF inflows | Source: SoSoValue The iShares Bitcoin ETF, whose ticker symbol is IBIT, has had cumulative inflows of $48 billion…

Bitcoin ETFs post $2.75B in weekly inflows as price sits above $108K

US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000. The $2.75 billion inflow total was nearly 4.5 times larger than the spot Bitcoin (BTC) ETF’s previous week’s $608 million in inflows, according to Farside data. BlackRock Bitcoin ETF continues inflow streak On May 23, the final day of the trading week, spot Bitcoin ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding…

Ethereum, Bitcoin ETFs see biggest inflows since the start of the year

Bitcoin and Ethereum ETFs registered more than a billion in net inflows, the highest level since November 2024. Bitcoin’s (BTC) all-time high has led to major inflows in crypto ETFs. On Thursday, May 22, net inflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds were at more than $1 billion. This is the best performance that ETFs have seen since November 2024. Inflows in spot Bitcoin ETFs dominated, with a daily inflow of $934 million, which is their best performance since January 17. This brings the total assets under management…