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iBit Global is a centralized cryptocurrency exchange dedicated to building a one-stop cryptocurrency trading, storage, management, and investment platform, providing users with a full range of services for cryptocurrency assets.
Data: Coinbase and Kraken Account for 22% of AI Mentions in the U.S. Crypto Industry
According to PRNewswire, market analysis reports indicate that Coinbase and Kraken together account for 22% of all AI mentions across the cryptocurrency category—Coinbase accounts for 13%, and Kraken for 9%—holding a lead over other U.S. trading platforms by more than threefold. Gemini ranks third with 5.5%, Robinhood Crypto fourth with 5%, and BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, fifth with 4.5%, dominating queries related to “Bitcoin ETFs.” Additionally, hardware wallets are losing influence in AI responses: while Ledger and Trezor still dominate queries related to “cryptocurrency wallets,” AI increasingly recommends custodial solutions offered by regulated trading platforms when addressing questions about the “best way to store cryptocurrency assets.” (Note: “AI mentions” refers to how frequently an AI chatbot references a particular brand, product, or company when responding to user queries.)
U.S. spot Bitcoin ETFs saw over $600 million in net inflows in a single day, with IBIT attracting $284 million in a single day.
According to FinanceFeeds, cryptocurrency exchange-traded funds (ETFs) have recently recorded strong inflows. U.S. spot Bitcoin ETFs saw single-day net inflows exceeding $600 million, reflecting sustained institutional demand for allocating digital assets via regulated investment vehicles. Specifically, BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate, posting approximately $284 million in single-day net inflows and remaining the primary vehicle for institutional Bitcoin allocation. Fidelity’s Wise Origin Bitcoin Fund also contributed significantly to inflows, helping push total ETF demand above $600 million. Inflows are concentrated among a few major issuers, underscoring the importance of liquidity, scale, and brand trust in attracting institutional capital—BlackRock and Fidelity products have consistently accounted for the majority of total ETF inflows since launch.
Analysis: Bitcoin Holds at $77,000 Range, Powell's "Final FOMC" Adds Market Uncertainty
Odaily Bitcoin remained consolidating above $77,000 on Wednesday, with markets cautious ahead of the Federal Reserve's interest rate decision. According to market data, Bitcoin fluctuated within the range of approximately $75,689 to $77,837 during the session, and is currently trading around $77,100.This FOMC meeting is seen as a pivotal event. Markets widely expect interest rates to remain unchanged, but the real focus is on whether Federal Reserve Chairman Jerome Powell will signal a "higher-for-longer" hawkish stance. Additionally, this meeting may be his last as Fed Chair, with markets simultaneously pricing in uncertainty regarding policy direction and potential power transitions.On the capital front, U.S. spot Bitcoin ETFs saw a reversal after nine consecutive days of net inflows. SoSoValue data shows that on April 28, ETFs recorded net outflows of approximately $89.68 million. Among them, BlackRock's IBIT saw a single-day outflow of about $112 million. Meanwhile, Ethereum ETFs also logged net outflows of $21.8 million.On-chain data also signals caution. CryptoQuant noted that on April 27, exchange net inflows reached 9,905 BTC, the largest single-day inflow in nearly 30 days. Exchange reserves have also rebounded recently. If these inflows are not quickly absorbed, prices could retest the support range of $74,000–$75,000.On the macroeconomic front, fluctuations in crude oil prices and shifts in the Middle East energy landscape continue to influence inflation expectations. Some analysts believe this could limit the Fed's room for future easing. Meanwhile, market liquidity continues to weaken, with institutional trading volumes and perpetual contract activity both at low levels. This means any policy surprise could amplify price volatility.Overall, Bitcoin remains in a "low liquidity + high event risk" structure and may continue to oscillate within the $72,000 to $80,000 range in the short term, awaiting further clarity on the Fed's policy path. (The Block)
BlackRock's IBIT Options Open Interest Surpasses Deribit for the First Time, Accelerating Bitcoin's Institutionalization Process
the open interest (OI) for options on the Bitcoin spot ETF, IBIT, issued by BlackRock, rose to $27.61 billion on Friday, surpassing the $26.9 billion in the Bitcoin options market on the crypto derivatives platform Deribit for the first time.According to Volmex data, the call options holdings in IBIT are primarily betting that the Bitcoin price will rise to $109,709 in the short term, approximately 41% higher than the current level of around $77,400. Meanwhile, the Deribit market mainly expects Bitcoin to rise to about $106,000. Additionally, the average time to maturity of IBIT options is about two months longer than those on Deribit, indicating that investors in the regulated U.S. market are more inclined towards long-term holdings and stronger bullish sentiment. This further highlights the accelerating trend of institutionalization in the Bitcoin market. (CoinDesk)
QCP: Crypto Market Remains Resilient Amid Geopolitical Pressures, Institutional Capital Continues to Flow In
According to QCP Group, U.S.-Iran negotiations collapsed over the weekend, sending oil prices back above $100 per barrel and triggering a broad market shift toward risk aversion. BTC encountered resistance at $74,000, while ETH pulled back from $2,330 to $2,180. Trump subsequently threatened to blockade the Strait of Hormuz to cut off Iranian oil exports; Iran countered with threats targeting the Bab el-Mandeb Strait, further widening risk exposure. China, as a major importer of Iranian crude oil, sits at the center of this crisis. Should the blockade be implemented, U.S.-China confrontation risks would rise significantly—a scenario not yet fully priced into markets. Nevertheless, the crypto market has demonstrated notable resilience: implied volatility and risk-reversal indicators have both retreated to pre-conflict levels, signaling waning panic. BlackRock’s IBIT recorded net inflows of $612.1 million over the past week, reflecting continued institutional buying momentum. Market focus has now shifted from geopolitical headlines to execution details: Trump announced the blockade will commence at 10 a.m. ET—yet repeated delays have rendered policy credibility itself a tradable variable.
Yesterday, Bitcoin spot ETFs saw a net outflow of $64.84 million.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $64.84 million yesterday. Grayscale’s GBTC alone saw a single-day outflow of $124 million, dragging down overall performance; BlackRock’s IBIT posted the strongest inflow at $66.45 million, followed by Morgan Stanley’s MSBT ($9.35 million) and Grayscale’s Mini BTC ($10.6 million); Fidelity’s FBTC recorded an outflow of $8.69 million, VanEck’s HODL $6.13 million, Ark Invest’s ARKB $6.63 million, and Franklin Templeton’s EZBC $5.78 million.
U.S. Spot Bitcoin ETFs See Nearly $86 Million in Net Inflows in a Single Day
According to SoSo Value data, U.S. spot Bitcoin ETFs recorded net inflows of nearly $86 million last Friday, equivalent to approximately 1,350 BTC, with BlackRock's IBIT alone seeing net inflows of nearly $58 million. Standard Chartered's Head of Global Digital Assets Research, Geoffrey Kendrick, suggested that the recent ETF sell-off may be partly driven by some holders liquidating positions to free up cash for participation in SpaceX's IPO. Since October last year, U.S. spot Bitcoin ETFs have accumulated net outflows of $7.6 billion, including $3 billion in the first six months of 2026. Strategy remains the world's largest corporate holder of Bitcoin, with over 800,000 BTC in its treasury. Michael Saylor resumed Bitcoin purchases in early June, following sales by Strategy at the end of May.
Yesterday, Bitcoin spot ETFs saw a net inflow of $30.27 million.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net inflow of $30.27 million, ending an 18-day streak of consecutive net outflows. All inflows came from BlackRock’s $IBIT; all other ETFs registered zero inflows that day.
贝莱德富达主导比特币 ETF 市场
贝莱德 IBIT 和富达 FBTC 两只基金占据美国现货比特币 ETF 大部分新资金流入，市场呈现双寡头格局。
BlackRock Submits Final S-1 Amendment, Bitcoin Yield-Enhanced ETF Awaits Approval
: Bloomberg ETF analyst Eric Balchunas revealed that BlackRock has submitted the fourth and possibly final S-1 amendment for its Bitcoin Yield-Enhanced ETF, the "iShares Bitcoin Premium Income ETF (BITA)," disclosing for the first time a management fee of 0.65%, significantly higher than the spot Bitcoin ETF IBIT (0.25%).
Yesterday, Bitcoin spot ETFs recorded a net inflow of $2.69 million.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net inflow of $2.69 million yesterday, ending a 13-day streak of net outflows (totaling approximately $4.37 billion). BlackRock’s $IBIT saw a single-day inflow of $47.3 million, and Morgan Stanley’s $MSBT recorded an inflow of $9.87 million—making them the primary contributors. Meanwhile, ARK’s $ARKB experienced an outflow of $20.72 million, Bitwise’s $BITB an outflow of $15.57 million, and Invesco’s $BTCO an outflow of $12.65 million; all other products saw zero net fund flows.
Delphi Digital: Only About 12% of Newly Listed Tokens on CEXs Since January Last Year Have Outperformed Their Issuance Price, Reflecting Market Depth Imbalance
Delphi Digital has released its "Token Market Status Report," indicating that the token market in this cycle has been suppressed by multiple structural issues, including token unlocks occurring on a fixed schedule regardless of project performance, protocol revenues failing to effectively flow back to token holders, and airdrops gradually evolving into sources of exit liquidity.The report shows that since January 2025, among all newly listed tokens on major centralized exchanges (CEX), if purchased on the listing day and held to the present, an average investment of $1,000 would have dwindled to approximately $500. The median decline is 82%, with only about 12% of tokens still trading above their issuance price, reflecting a market structure that prioritizes "listing quantity over quality."Regarding tokenomic design, the research points out that across more than 400 unlock events, within a sample of 33, 28 tokens significantly underperformed relative to Bitcoin in the three weeks before and after the unlock, resulting in an average excess loss of approximately 7%. Moreover, most unlocks occur within 30 days, making it difficult for the market to effectively absorb the supply shock.The report also notes that the long-standing industry issue of "missing value accrual" is beginning to change. An increasing number of protocols are starting to use "Fee Switch" mechanisms to return revenue to token holders. For example, Hyperliquid allocates nearly all its fees to buybacks, Uniswap is burning 100 million UNI tokens, Jupiter uses 50% of its fees for buybacks locked for three years, and Aave has passed a DAO-approved weekly buyback plan of $1 million.However, the report emphasizes that fee-based buybacks alone are insufficient to resolve supply pressure. For instance, the scale of buybacks for some projects still cannot offset the selling pressure from token unlocks, leading to a situation where "buybacks only offset inflation but fail to generate net buying pressure."Simultaneously, the structure of institutional capital is shifting. Institutional holdings of Bitcoin-related ETFs like IBIT have grown 62% year-over-year, with advisory channels increasing by 204% and sovereign wealth funds and endowments rising by 228%, while arbitrage-focused hedge funds continue to exit. Long-term capital, including BlackRock, Morgan Stanley, and Mubadala Investment Company, is increasing its allocation.The report concludes that in the next phase, more attractive token assets will simultaneously feature "revenue accrual mechanisms" and "supply release structures linked to protocol performance." However, the current market remains in the early stages of structural repair.
Bloomberg Analyst: Bitcoin's Volatility Structure Gradually Converging with Gold, Asset Characteristics May Be Shifting
Bloomberg Senior ETF Analyst Eric Balchunas posted on X platform, pointing out that Bitcoin's volatility and correlation are increasingly approaching the level of gold. This trend has been significantly underestimated during the current market adjustment and may be a positive signal amid recent market turbulence. Based on the 60-day historical volatility comparison data of IBIT and the gold ETF (GLD) since their launch, Bitcoin's volatility structure is gradually converging with gold, indicating that its asset characteristics may be changing.Eric Balchunas added that despite the volatile market environment, the BlackRock Bitcoin Spot ETF (IBIT) has continued to outperform U.S. stocks since the escalation of the Iran conflict and has achieved more than double the excess returns compared to the S&P 500 ETF (SPY) since the approval of BlackRock's ETFs.
HYPE Spot ETF’s Market Cap Absorption Share in First 10 Trading Days Exceeds That of Bitcoin and Ethereum ETFs
According to Kairos Research data, Hyperliquid’s (HYPE) spot ETF absorbed 1.04% of its market capitalization within the first 10 trading days after launch—outperforming the debut performance of spot ETFs for Bitcoin (0.59%), Ethereum (0.41%), and Solana (0.31%) when measured by market-cap-adjusted demand. Bloomberg ETF analyst Eric Balchunas noted that 21Shares’ HYPE ETF (THYP) has surged 50% since its launch two weeks ago—growing faster than BlackRock’s Bitcoin ETF, IBIT.
Related news
Yesterday, Bitcoin spot ETFs saw a net outflow of $64.84 million.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $64.84 million yesterday. Grayscale’s GBTC alone saw a single-day outflow of $124 million, dragging down overall performance; BlackRock’s IBIT posted the strongest inflow at $66.45 million, followed by Morgan Stanley’s MSBT ($9.35 million) and Grayscale’s Mini BTC ($10.6 million); Fidelity’s FBTC recorded an outflow of $8.69 million, VanEck’s HODL $6.13 million, Ark Invest’s ARKB $6.63 million, and Franklin Templeton’s EZBC $5.78 million.
U.S. Spot Bitcoin ETFs See Nearly $86 Million in Net Inflows in a Single Day
According to SoSo Value data, U.S. spot Bitcoin ETFs recorded net inflows of nearly $86 million last Friday, equivalent to approximately 1,350 BTC, with BlackRock's IBIT alone seeing net inflows of nearly $58 million. Standard Chartered's Head of Global Digital Assets Research, Geoffrey Kendrick, suggested that the recent ETF sell-off may be partly driven by some holders liquidating positions to free up cash for participation in SpaceX's IPO. Since October last year, U.S. spot Bitcoin ETFs have accumulated net outflows of $7.6 billion, including $3 billion in the first six months of 2026. Strategy remains the world's largest corporate holder of Bitcoin, with over 800,000 BTC in its treasury. Michael Saylor resumed Bitcoin purchases in early June, following sales by Strategy at the end of May.
Yesterday, Bitcoin spot ETFs saw a net inflow of $30.27 million.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net inflow of $30.27 million, ending an 18-day streak of consecutive net outflows. All inflows came from BlackRock’s $IBIT; all other ETFs registered zero inflows that day.
贝莱德富达主导比特币 ETF 市场
贝莱德 IBIT 和富达 FBTC 两只基金占据美国现货比特币 ETF 大部分新资金流入，市场呈现双寡头格局。
BlackRock Submits Final S-1 Amendment, Bitcoin Yield-Enhanced ETF Awaits Approval
: Bloomberg ETF analyst Eric Balchunas revealed that BlackRock has submitted the fourth and possibly final S-1 amendment for its Bitcoin Yield-Enhanced ETF, the "iShares Bitcoin Premium Income ETF (BITA)," disclosing for the first time a management fee of 0.65%, significantly higher than the spot Bitcoin ETF IBIT (0.25%).
Delphi Digital: Only About 12% of Newly Listed Tokens on CEXs Since January Last Year Have Outperformed Their Issuance Price, Reflecting Market Depth Imbalance
Delphi Digital has released its "Token Market Status Report," indicating that the token market in this cycle has been suppressed by multiple structural issues, including token unlocks occurring on a fixed schedule regardless of project performance, protocol revenues failing to effectively flow back to token holders, and airdrops gradually evolving into sources of exit liquidity.The report shows that since January 2025, among all newly listed tokens on major centralized exchanges (CEX), if purchased on the listing day and held to the present, an average investment of $1,000 would have dwindled to approximately $500. The median decline is 82%, with only about 12% of tokens still trading above their issuance price, reflecting a market structure that prioritizes "listing quantity over quality."Regarding tokenomic design, the research points out that across more than 400 unlock events, within a sample of 33, 28 tokens significantly underperformed relative to Bitcoin in the three weeks before and after the unlock, resulting in an average excess loss of approximately 7%. Moreover, most unlocks occur within 30 days, making it difficult for the market to effectively absorb the supply shock.The report also notes that the long-standing industry issue of "missing value accrual" is beginning to change. An increasing number of protocols are starting to use "Fee Switch" mechanisms to return revenue to token holders. For example, Hyperliquid allocates nearly all its fees to buybacks, Uniswap is burning 100 million UNI tokens, Jupiter uses 50% of its fees for buybacks locked for three years, and Aave has passed a DAO-approved weekly buyback plan of $1 million.However, the report emphasizes that fee-based buybacks alone are insufficient to resolve supply pressure. For instance, the scale of buybacks for some projects still cannot offset the selling pressure from token unlocks, leading to a situation where "buybacks only offset inflation but fail to generate net buying pressure."Simultaneously, the structure of institutional capital is shifting. Institutional holdings of Bitcoin-related ETFs like IBIT have grown 62% year-over-year, with advisory channels increasing by 204% and sovereign wealth funds and endowments rising by 228%, while arbitrage-focused hedge funds continue to exit. Long-term capital, including BlackRock, Morgan Stanley, and Mubadala Investment Company, is increasing its allocation.The report concludes that in the next phase, more attractive token assets will simultaneously feature "revenue accrual mechanisms" and "supply release structures linked to protocol performance." However, the current market remains in the early stages of structural repair.