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BitcoinWorld US Spot Bitcoin ETFs Face Alarming Outflows: Whatâs Next? The world of cryptocurrency investment is always buzzing, and recent data has certainly captured attention. On August 5, US Spot Bitcoin ETFs recorded a notable combined net outflow of $196.2 million. This marks the fourth consecutive trading day of such outflows, indicating a potential shift in investor sentiment within the digital asset space. What Triggered These Significant Bitcoin ETF Outflows? According to data compiled by Farside Investors, the fourth consecutive day of Bitcoin ETF outflows on August 5 paints a clear picture. Investors pulled a substantial amount from these popular investment vehicles, which allow traditional investors to gain exposure to Bitcoin without directly holding the cryptocurrency. Letâs look at the specifics of these significant movements: Fidelityâs FBTC led the outflows, seeing $99.1 million exit its coffers. BlackRockâs IBIT followed, experiencing $77.4 million in outflows. Grayscaleâs GBTC also contributed, with $19.7 million in net outflows. Interestingly, the remaining US Spot Bitcoin ETFs reported no change in their holdings for the day, suggesting the outflows were concentrated in a few key players. How Do These Outflows Impact the Crypto Market? These recent Bitcoin ETF outflows naturally raise questions about their broader implications for the crypto market . While a single day or even a few days of outflows donât necessarily signal a long-term bearish trend, they do reflect immediate investor behavior and market sentiment. Such movements can contribute to short-term price volatility for Bitcoin and other digital assets. Understanding the reasons behind these shifts is crucial. Several factors could be at play: Profit-taking: Investors might be cashing out after periods of gains. Macroeconomic concerns: Broader economic uncertainties can lead investors to de-risk their portfolios, including digital asset holdings. Regulatory developments: Any news or speculation regarding cryptocurrency regulation can influence investor confidence. Market volatility: The inherent volatility of the crypto market itself can prompt some investors to seek safer havens. What Does This Mean for Digital Asset Funds and ETF Performance? The recent figures provide a snapshot of current ETF performance for some of the largest digital asset funds . While the overall trend for US Spot Bitcoin ETFs since their inception has been positive, periods of outflows are a natural part of any investment cycle. They serve as a reminder that even established investment vehicles linked to cryptocurrencies are subject to market dynamics. For investors, itâs important to differentiate between short-term fluctuations and long-term trends. These outflows highlight the need for continued monitoring of: Institutional interest: Are large institutions still accumulating or are they pulling back? Retail participation: How are individual investors reacting to market movements? Underlying Bitcoin fundamentals: The strength of Bitcoinâs network and adoption remains a key factor. This data provides valuable insight into how capital is flowing in and out of the regulated crypto investment space. Looking Ahead: Navigating the Crypto Market The recent outflows from US Spot Bitcoin ETFs are a significant event, but they are just one piece of the larger crypto market puzzle. For investors, the key is to remain informed and adopt a measured approach. While headlines about large outflows can seem daunting, they are often part of a healthy marketâs ebb and flow. Consider these actionable insights: Stay informed: Continuously track data from reliable sources like Farside Investors. Diversify: Donât put all your investment eggs in one basket. Long-term perspective: Focus on the long-term potential of digital assets rather than daily price swings. Risk assessment: Understand your personal risk tolerance before making investment decisions. These recent Bitcoin ETF outflows serve as a timely reminder of the dynamic nature of the digital asset landscape. By understanding the underlying factors and maintaining a clear perspective, investors can better navigate the exciting yet unpredictable world of crypto. Frequently Asked Questions (FAQs) 1. What are US Spot Bitcoin ETFs? US Spot Bitcoin ETFs are exchange-traded funds that directly hold Bitcoin as their underlying asset. They allow investors to gain exposure to Bitcoinâs price movements through traditional brokerage accounts without needing to buy, store, or secure the actual cryptocurrency. 2. What caused the recent Bitcoin ETF outflows on August 5? The specific causes can be complex, but common reasons for such Bitcoin ETF outflows include investor profit-taking, reactions to broader macroeconomic conditions, shifts in crypto market sentiment, or responses to regulatory news affecting digital asset funds . 3. How do these outflows affect the overall crypto market? While not solely indicative of the entire marketâs health, significant outflows from US Spot Bitcoin ETFs can contribute to selling pressure on Bitcoinâs price in the short term. They also reflect investor confidence and can influence sentiment across the broader crypto market . 4. Is this a long-term trend for digital asset funds? It is too early to determine if this is a long-term trend. Outflows are a normal part of fund management and ETF performance . Investors should monitor subsequent trading days and broader market conditions to assess whether this represents a sustained shift or a temporary adjustment. 5. What should investors do in response to these outflows? Investors should avoid panic and focus on their long-term investment strategies. Itâs crucial to stay informed, consider diversifying portfolios, and evaluate personal risk tolerance. Consulting a financial advisor for personalized guidance is always recommended. Did you find this analysis helpful? Share this article with your friends and fellow crypto enthusiasts on social media to keep them informed about the latest trends in the digital asset space! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post US Spot Bitcoin ETFs Face Alarming Outflows: Whatâs Next? first appeared on BitcoinWorld and is written by Editorial Team
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Michael Novogratz says the rush to create companies holding cryptocurrencies on their balance sheets may have already peaked. The Galaxy Digital founder and CEO made the comments Tuesday during the firmâs second-quarter earnings call . âWeâve probably gone through peak treasury company issuance,â Novogratz said. âThe question now is which of the existing companies become monsters.â Favorable US Rules Fuel Growth in Crypto Treasury Firms Crypto treasury companies have gained momentum in recent quarters, especially as US regulatory conditions have become more favorable. These firms raise capital in public markets and allocate a portion or all of their reserves into digital assets like Bitcoin, Ethereum or other blockchain-based tokens. A growing list of public companies has adopted this approach. That includes Strategy (formerly MicroStrategy), GameStop, Trump Media & Technology Group, SharpLink Gaming and Bit Digital. Their holdings span Bitcoin, Ethereum, Solana and Litecoin. Ethereum already has two major corporate treasury holders, Tom Leeâs BitMine and Joe Lubinâs SharpLink. Novogratz expects both to keep expanding but warned that new entrants may âhave a harder time getting oxygenâ as the space becomes more saturated. Novogratz Sees Recurring Revenue From Treasury Partnerships Galaxy Digital manages crypto holdings for more than 20 treasury-focused firms. The company earns fees for overseeing these assets, which now total around $2b on its platform. Novogratz described it as ârecurring income that will go on and on.â In May, Galaxy shifted its public listing from the Toronto Stock Exchange to the Nasdaq Global Select Market. It now trades under the ticker symbol GLXY, marking a strategic move to deepen its US footprint. @galaxyhq has explored the tokenization of its $GLXY shares and reported a 43% drop in total assets to $6.3 billion in Q2. #GLXY #Tokenization https://t.co/2go2wQ7tLn â Cryptonews.com (@cryptonews) August 5, 2025 The company also disclosed in a SEC filing that it is exploring tokenization of its publicly traded shares . That initiative forms part of Galaxyâs broader effort to expand into blockchain-based financial infrastructure. Founded in 2018, Galaxy Digital offers a wide range of crypto-focused services, including asset management, trading, investment banking and infrastructure solutions. It targets institutional clients looking to gain exposure to digital assets. Novogratz suggested the marketâs attention is turning away from the influx of new treasury players. Instead, focus is shifting to which existing firms will scale meaningfully in the next phase of the cycle. The post Michael Novogratz Signals Crypto Treasury Craze Likely Past Its Peak appeared first on Cryptonews .
Crypto markets broadly retreated after weaker-than-expected U.S. ISM Non-Manufacturing PMI data heightened stagflation concerns. Bitcoin fell 0.76% to $113,000, while Ethereum dropped 2.43% below $3,600 on early Asian trading hours. XRP is trading at $2.92, 4% down in the past 24 hours. Riskier sectors saw steeper losses, SocialFi plunged 6.04%, NFTs slid 5.56%, and meme coins fell 5.17%. Toncoin, Pudgy Penguins, and Bonk were among the biggest losers. Despite the broader pullback, select assets like Mantle (+8.55%) and Pump.fun (+5.90%) defied the trend, showing sector-specific resilience. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for August 06, 2025 â Crypto Market Sinks as Stagflation Fears Mount, BTC Falls to $113K, XRP Drops 4% appeared first on Cryptonews .
XRP price struggled to continue higher above the $3.10 zone. The price is trimming gains and might decline below the $2.90 support. XRP price is correcting gains from the $3.10 zone. The price is now trading below $2.980 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3.060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.880 zone. XRP Price Dips Again XRP price struggled to continue higher above the $3.10 resistance zone, like Bitcoin and Ethereum . The price formed a short-term top and started a fresh decline below the $3.00 level. There was a break below a bullish trend line with support at $3.060 on the hourly chart of the XRP/USD pair. The pair dipped below the 23.6% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. The bulls are now active near the 50% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. On the upside, the price might face resistance near the $2.950 level. The first major resistance is near the $3.00 level. A clear move above the $3.00 resistance might send the price toward the $3.0650 resistance. Any more gains might send the price toward the $3.10 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be near the $3.20 zone. More Losses? If XRP fails to clear the $3.00 resistance zone, it could start another decline. Initial support on the downside is near the $2.920 level. The next major support is near the $2.880 level. If there is a downside break and a close below the $2.880 level, the price might continue to decline toward the $2.810 support. The next major support sits near the $2.750 zone where the bulls might take a stand. Technical Indicators Hourly MACD â The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) â The RSI for XRP/USD is now below the 50 level. Major Support Levels â $2.920 and $2.880. Major Resistance Levels â $3.00 and $3.10.
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Ex-Binance CEO Changpeng âCZâ Zhao has asked a bankruptcy court to dismiss him from a $1.76 billion clawback suit filed by the FTX trust. The now-bankrupt FTX claims that the funds were âimproperly transferredâ by Sam Bankman-Fried. According to Bloomberg Law , CZ claimed that heâs a resident of the United Arab Emirates and that the FTX trust canât claim it is within Delawareâs jurisdiction. âThe complaint does not establish general jurisdiction because it does not allege that Mr. Zhao is âat homeâ in Delaware,â Zhao said in a motion to dismiss filed on Monday in the US Bankruptcy Court for the District of Delaware. Further, he emphasized that the claims have minimal relevance to the US and that the regulations involved have no âextraterritorial application.â FTX Wants to Recoup $1.76B From Binance: Hereâs Why In November 2024, FTX filed a lawsuit against Binance exchange and its founder CZ. FTX sought to recover $1.76 billion from Binance, claiming it was transferred as part of a fraudulent transaction. FTX has sued @binance and ex-CEO Changpeng Zhao @cz_binance for $1.8B, alleging fraudulent dealings that damaged its stability. #FTX #Binance https://t.co/WaIpSYlx4v â Cryptonews.com (@cryptonews) November 11, 2024 The $1.76 billion transaction was a 2021 share purchase agreement that Binance made with FTX, which the latter claims was fraudulent due to its insolvency at the time. A Binance spokesperson said at the time that the exchange would defend itself against the âmeritlessâ claims. This isnât the first time Binance has filed a motion to dismiss FTXâs $1.76 billion clawback suit. A similar court paper submitted in May to a Delaware judge noted that the beleaguered company attempted to hold Binance accountable for FTXâs crash, and âshift the blameâ away from Sam Bankman-Fried. FTX âNonsensically Blameâ CZ And Binance The Monday motion read that the FTX trust ânonsensically blameâ CZ and Binance for Bankman-Friedâs âpervasive malfeasanceâ. âThe claims are in any event legally unfounded, and many are outright incoherent,â it added. Further, Zhao said that the constructive fraud claims donât meet legal requirements that permit âqualifying transactionsâ linked to a securities contract under federal law. CZ pled guilty to US anti-money laundering violations and served four months in prison . Meanwhile, Bankman-Fried is serving a 25-year sentence after being convicted of several offences, including fraud and conspiracy. The post Binance Founder CZ Asks Court to Dismiss $1.76B Clawback Lawsuit Filed by FTX appeared first on Cryptonews .
Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion.
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