On September 8, there was a net inflow of $368 million to Bitcoin spot ETFs; while ETH ETFs saw a net outflow of $96.7 million, marking six consecutive days of outflows.
The 1-month 25-delta skew for BTC is rising. Strong put demand is consistent with institutional hedging into ETF/DAT flows.
Gold hit $3,630/oz (new ATH), as markets brace for US PPI on Wednesday and CPI on Thursday.
BTC trading near $113k; daily close above $113k would be highly significant. Immediate resistance still lies at $113.5–$114k with key downside liquidity near $109k–$107k. ETH support holds firm at $4.25–$4.30k, while resistance lies overhead at $4.48–$4.50k.
A confidential SEC filing and a Cantor mandate put the institutional prime broker back in the spotlight. Since its 2022 peak valuation, FalconX has quietly rebuilt itself into something broader – and harder to price.
Three Samsung affiliates will jointly acquire a 4% stake in Dunamu, operator of South Korea's largest cryptocurrency exchange Upbit, from Kakao affiliates in an all-cash deal worth 612.8 billion won (~$408 million), the companies said Thursday (May 28). The transaction is scheduled to close June 19.
The dual investment gives South Korea's fourth-largest crypto exchange a TradFi partner pursuing STOs and a global operator with reach across 120 million users.
The ETF channel that anchored bitcoin's 2025 rally has flipped to distribution for five straight sessions. The Hormuz headlines accelerated what had been building for weeks.
