In hindsight, all it took for real institutional adoption of Bitcoin to take place was the introduction of a risk-minimized, easy-to-use product in the form of an exchange-traded fund (ETF). In January, the SEC approved nine new ETFs that provide exposure to Bitcoin through the spot market, a strict improvement over the futures-based ETFs that began trading back in 2021. In the first quarter of trading, both the size and number of institutional allocations to these ETFs have blown away consensus expectations. Blackrock’s ETF alone set a record for the shortest time an ETF has hit $10 billion in assets.

Beyond the eye-popping AUM figures these ETFs have drawn, this past Wednesday marked…

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Spot Bitcoin exchange-traded funds (ETFs) in the U.S. attracted $1.8 billion in inflows last week, their 18th consecutive record day of demand. The surge comes as the successful Bitcoin ETFs continue maturing.

Trading volumes across Bitcoin ETFs also rose 55% week-over-week to $12.8 billion. The past week’s haul was Bitcoin funds’ largest since mid-March when Bitcoin hit nearly $74,000.

Significantly, the ETFs acquired around 25,700 BTC last week, almost equal to the entire new Bitcoin supply mined during that period. This absorption of new supply is tightening the market.

The wave of inflows this month has already surpassed May’s total inflows. It follows the regulatory embrace of Bitcoin…

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Solana is set for a significant network upgrade, introducing v1.18.15 to its mainnet as a response to surging demand and the recent meme coin frenzy. The upgrade, announced by Solana Status on June 10, targets key congestion issues by implementing scheduler optimization and enhancing transaction processing efficiency. This move is part of the blockchain’s strategy to maintain high performance and reliability amidst increasing platform activity.

The new version, recognized as stable for Mainnet Beta, includes several technical advancements such as the integration of certificate authority certificates in the docker image, a bug fix for the transaction queue, and improved metrics for monitoring threshold failures. These enhancements are designed to bolster network stability and scalability, ensuring a smoother user experience.

Validators play a critical role in this transition, urged to update their systems during periods of low delinquency (below 5%). The Solana community, particularly developers and validators, anticipates this upgrade, which aims to rectify issues from previous updates and prepare the blockchain for continued growth and adoption.

Solana Status 

Digital asset investment products have experienced a significant surge, with inflows totaling $2 billion over the past five weeks, reaching a remarkable $4.3 billion. This increase is accompanied by a 55% jump in trading volumes for ETPs, hitting $12.8 billion. The market’s positive momentum is largely attributed to anticipated U.S. monetary policy adjustments following weaker macroeconomic data.

In a striking regional trend, the U.S. dominated last week’s inflows, adding $1.98 billion, marking one of the largest single-day inflows ever recorded. The iShares Bitcoin ETF has notably eclipsed the Grayscale, with assets under management now standing at $21 billion. Bitcoin remains the primary benefactor, with significant inflows of $1.97 billion.

Altcoins also showed promising movements, with Ethereum and smaller cryptocurrencies like Fantom and XRP recording notable inflows. Ethereum’s inflows reached $69 million, their highest since March, possibly fueled by regulatory developments favoring spot-based ETFs.

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