Spot ETFs continued a second day of outflows on Tuesday: Bitcoin ETFs −$104 million, Ethereum ETFs −$141 million (all nine ETH funds reported no inflows).
Price action: BTC holding $112,000, ETH ~$4,100, SOL < $210; total crypto market cap ~$3.86 trillion, 24-hour volume down 24 percent.
Macro: M2 jumped to $22.2 trillion with US SEC approving generic ETF listing standards and the CFTC floating tokenized stablecoins for derivatives. This could serve as structural tailwinds for spot product growth.
Leverage reset: futures OI fell to $42.8 billion from $44.8 billion, lowering forced-liquidation risk; but long-term holders have realized 3.4 million BTC, a historically large distribution.
The regulator that must approve Bitget's purchase of the Z.com EX operator accuses its operating company of running an unlicensed exchange business and soliciting Thai users from 2022 to 2025. A Bitget spokesperson says it is reviewing the announcement
Finance Minister Lee Hyoung-il tied the new date to crypto tax data sharing with the US and the pending Digital Asset Basic Act. The delay still needs the National Assembly
SFC executive director Elisa Ng said 17 tokenised retail products now hold US$1.3 billion, that a tokenised gold ETF may be the next pilot, and that an "innovation pathway" will offer flexibility for controlled pilots
One of the first banks to use DTCC's tokenization service says it has converted real securities. Its plan to trade tokenized equities on its own platform has moved to the first quarter of 2027
