Bitcoin Breaks $80,000 Again: Are ETF Outflows Irrelevant Now?

Bitcoin (CRYPTO: BTC) ETFs posted $635.2 million in outflows Wednesday, but Thursday price action could nullify analysts’s warnings about a drop to $70,000.

Biggest Daily Outflow Since Late January

The fresh outflows mark the largest daily Bitcoin ETF withdrawal since January 29, when the funds posted about $818 million in losses. 

Weekly outflows now stand at $841.2 million, putting ETFs on track for their first week of net losses after six consecutive weeks of gains totaling around $3.4 billion.

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led losses with roughly $285 million in outflows. 

Additionally, Morgan Stanley’s Bitcoin Trust ETF (NASDAQ:MSBT) posted no outflows Wednesday…

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Strive’s SATA Sets U.S. First With Daily 13% Bitcoin-Backed Dividend Preferred

Strive Asset Management is preparing to launch a new structure for income-focused investors, with its SATA preferred stock set to become the first U.S.-listed security to distribute cash dividends on every business day. The shift, scheduled for June 16, marks a departure from the monthly payout model that defines most dividend instruments and reflects a broader push to reshape yield products around digital asset strategies.

The company will maintain its stated annual dividend rate of 13%, yet the move to daily distributions raises the effective annual yield to about 13.88% through compounding across roughly 250 trading days. 

Chief executive officer Matthew Cole described the design…

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Grant Cardone Says Crypto Is A ‘Magnet For Degenerate Investing,’ Predicts Bitcoin Highs In 2026

Cardone’s Strategy – Real Estate + Bitcoin

Speaking at Consensus, Cardone outlined his strategy of combining distressed real estate acquisitions with Bitcoin purchases, describing the model to merge steady cash flow with Bitcoin upside.

His solution is to buy discounted real estate during the current commercial property downturn and pair it with Bitcoin accumulation.

According to Cardone, combining the two assets creates a “real estate-Bitcoin hybrid” designed to outperform traditional property investments alone.

Cardone On Michael Saylor And Strategy

“Just get the Bitcoin, dude. You don’t even want the real estate,” Cardone recalled Strategy Inc. (NASDAQ:MSTR) Executive Chairman…

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Ripple CEO, Industry Experts Agree: Watch These 3 Catalysts For Crypto Adoption – Bitwise XRP ETF (ARCA:X

Stablecoins, tokenized real-world assets and AI-powered payments are rapidly pushing crypto deeper into mainstream finance, according to industry experts.

Stablecoins Becoming Institutional Infrastructure

Teng said stablecoins are gaining traction because traditional financial systems remain slow, expensive and inefficient for global payments.

Panel moderator Rory Jennings cited Dune Analytics data showing stablecoin transfer volume reached $10.5 trillion in January alone.

Teng added that regulatory momentum surrounding the GENIUS Act is helping increase institutional confidence around stablecoin adoption.

RWAs And Tokenization Expand Beyond Crypto Trading

Liu described tokenized real-world…

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Ledger, Consensys Get Cold Feet As Crypto IPO Window Slams Shut

Ledger has put plans for a U.S. initial public offering on hold as crypto market conditions weigh on investor demand for new listings, according to people with knowledge of the matter, according to a report from CoinDesk. 

The Paris-based hardware wallet maker has not filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission, a step that signals formal IPO intent. The company is weighing alternatives, including a private capital raise, one source said.

Earlier this year, Ledger explored a public listing that could have valued the firm near $4 billion. Goldman Sachs, Jefferies, and Barclays were engaged to advise on the potential offering, which had been…

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Bitcoin Below $80,000, Ethereum, XRP, Dogecoin Slide As Hot PPI Data Hits Rate Cut Hopes

Bitcoin trades below $80,000 on Thursday morning as hotter-than-expected U.S. producer inflation data weakened expectations for near-term Federal Reserve rate cuts.

Bitcoin ETFs saw $635.2 million in net outflows on Wednesday, while Ethereum ETFs reported $36.3 million in net outflows.    

Meme coin market capitalization is trading 1.6% lower at $38.5 billion over the past 24 hours.

Trader Commentary:

Crypto chart analyst Ali Martinez said Bitcoin appears to have been rejected at the key 200-day SMA near $82,500, increasing the probability of a pullback toward the 50-day SMA around $75,000.

Ted Pillows noted Ethereum successfully retested the important $2,250 support zone. Traders are now…

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Stock Market Today: S&P 500, Dow Jones Futures Gain As Trump Clears NVDA’s H200 Sales To China—Cisco Syst

U.S. stock futures rose on Thursday following Wednesday’s mixed close. This comes as President Donald Trump is in China addressing key issues such as trade, tariffs, Taiwan, and Iran with Chinese President Xi Jinping.

On Thursday, Xi stressed the significance of the Taiwan issue, terming it as the “most critical matter” in bilateral relations, the South China Morning Post (SCMP) reported, citing state media.

The 10-year Treasury bond yielded 4.46%, and the two-year bond was at 3.97%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

IndexPerformance (+/-)Dow… Read more on Benzinga

Anthony Scaramucci Says Bitcoin Poised To Follow The S-Curve Of Adoption Like Amazon, Microsoft: ‘Cannot

Scaramucci Says Bitcoin Can’t Be ‘Devalued’

During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people trust it.

Bitcoin, he added, is an improved version, which happens to be “an open, transparent, fully decentralized and fully secured” by a network of computers.

“This is a computer program that cannot be devalued,” Scaramucci said.

The natural next question is — why does Bitcoin’s value fall then?

The S-Curve Of Adoption

Scaramucci admitted that the majority of people, himself included, were dismissive of Bitcoin initially when it was championed by “libertarians” and…

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Bitcoin, Ethereum, XRP Fall, But Dogecoin Gains Ahead Of Crypto Act Markup In Senate: This Analyst Is Bra

Leading cryptocurrencies slipped on Wednesday as the Senate Banking Committee gears up to vote on the Clarity Act.

Crypto Market Lags

Bitcoin dipped below $79,000 during early trading but staged a partial recovery by late evening. Ethereum fell to an intraday low of $2,233, but Dogecoin bucked the trend with nearly 3% gains.

These moves come ahead of the much-anticipated markup of the Clarity Act, a comprehensive legislation that would give U.S. cryptocurrency holders clear regulatory rules.

Over $370 million was liquidated in the past 24 hours, with long position traders again bearing the brunt of the losses, according to Coinglass data.

Bitcoin’s open interest rose marginally by 0.28$ over…

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GraniteShares’ MSTR, Coinbase ETFs Launch Amid Bitcoin-Fueled Volatility – Coinbase Global (NASDAQ:COIN),

Key Features of the New ETFs

Will Rhind, founder and CEO of GraniteShares, said the expansion reflects where investor demand is currently concentrated, particularly around highly traded crypto-equity names. He added that the ETFs are designed to offer a more accessible and liquid alternative to traditional structured notes while seeking to generate income through a disciplined autocallable framework.

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