According to data from Farside Investors, US BTC spot ETFs recorded a daily net inflow of $26.8m on Mar 25, with IBIT recording net inflows of $42m and BITB and BTCW recording net outflows of $10.1m and $5.1m respectively. Meanwhile, ETH ETFs recorded net outflows of $3.3m with QETH recording $1.5m in outflows and Grayscale's ETH $1.8m in outflows. For ETH, this marks the 14th consecutive trading session of net outflows.
The stablecoin market cap increased 3.65% over the past month and is currently at $234.611bn. USDC stablecoin supply reached a new all-time high above $60 billion: USDC now has a 25.4% share of stablecoin market cap vs 20.7% at the start of the year.
According to Glassnode on X, whales holding over 10,000 BTC have entered a strong accumulation phase, while smaller holders continue to sell. Since March 11, these large holders have added 129k BTC, marking the fastest accumulation rate since August 2024. The average BTC supply per whale has also been rising steadily, signaling renewed confidence among large investors.
Fidelity, managing over $800 billion in assets, has filed for a spot Solana ETF.
The Kobeissi Letter alerted on X this morning that the S&P 500 and the US Dollar index have declined -6.5% and -3.5%, respectively since January 31st, noting that "the last time stocks and the Dollar fell in tandem with a move of this magnitude was in 2008. In the December 2007 to March 2008 period, the S&P 500 and the US Dollar index dropped -10.2% and -5.4%, respectively."
Yesterday, Mt. Gox transferred 11,501 BTC ($1.01bn), of which 10,608 BTC ($927m) was transferred to a new wallet and 893 BTC ($78m) was transferred to a hot wallet.
The SEC will host four additional crypto roundtables starting April 11 following its initial session on March 21 aimed at clarifying digital asset regulations. Upcoming events will cover tailored regulations for crypto trading (April 11), custody (April 25), tokenization and on-chain asset movements (May 12), and decentralized finance (June 6).
The US government will risk defaulting on some of its $36.6 trillion in debt as soon as August unless Congress acts to raise the cap on Washington's borrowing limit, the Congressional Budget Office forecast on Wednesday. Lawmakers have repeatedly delayed negotiations on raising the government's borrowing limit until the last minute, a pattern that has prompted major credit agencies to downgrade the federal government's credit rating.
The company behind the Truth Social platform, Trump Media & Technology Group, announced it has partnered with Crypto.com to launch a series of pro-America crypto ETFs through its Truth.Fi brand, combining digital assets like Bitcoin and Cronos with US-focused industries. Critics express concerns over potential conflicts of interest related to Trump's increased involvement in crypto.
GameStop announced its board had unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset, causing its shares to jump as much as 12%. This comes after disappointing fourth quarter results which showed net sales tumbling 28% year-over-year to $1.28 billion.
